Private Companies Will Cash In on Trump’s Immigration Policy
Now that a Trump White House is on the horizon, private prison companies and corporate interests are anticipating a return on their lobbying efforts to place millions of immigrants under electronic surveillance.
Donald Trump looks on before speaking during a tour to an unfinished section of the border wall on June 30, 2021, in Pharr, Texas. (Brandon Bell / Getty Images)
For the last year, private prison companies and corporate interests have been quietly lobbying to place millions of immigrants under electronic surveillance, according to records uncovered by the Lever. Now that a second Trump administration will soon assume power, with a former prison lobbyist set to be his top legal adviser, there are signs the plans are already moving forward.
Former president Donald Trump’s victory on November 5 was immediately seen as a clear win for the private prison industry. The stocks of the world’s biggest private prison companies soared in the wake of the election, and investors openly salivated over the potential profits they could see from a Trump immigration regime.
“We’re looking at a theoretical potential doubling of all of our services,” one private prison executive told investors on a November 7 earnings call.
This article is for subscribers only. Please login or subscribe to access our full archives and beautiful print and digital magazine starting at just $3 a month.