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Almost every major US company is benefitting from DACA, Zuckerberg backed-group says

  • Ending the Obama-era program that protects people who entered the U.S. illegally as children will have big economic implications, according to FWD.us.
  • The White House said Friday that the president would announce his decision on whether to end the program, called the Deferred Action for Child Arrivals, or DACA, on Tuesday.
  • At least 75 percent of the largest companies in America have someone who identities as a DACA employee, which means the rate is actually much higher, FWD.us President Todd Schulte told CNBC.

Ending the Obama-era program that protects people who entered the United States illegally as children will have wide implications across the United States' economy, according to FWD.us, the pro-immigration reform group co-founded by Mark Zuckerberg.

The White House said Friday that President Donald Trump is expected to announce Tuesday whether he will scrap the program, called the Deferred Action for Child Arrivals, or DACA.

"At least 75 percent of the largest companies in America have someone who identities as a DACA employee, which means it's much higher," FWD.us President Todd Schulte said in an interview with "Power Lunch" on Friday.

"It's fair to say almost every major company in America is benefiting from DACA because they've been able to hire someone who's a DACA recipient," he added.

Protesters demonstrate in favor of immigration reform in front of the White House August 30, 2017 in Washington, DC.
Getty Images
Protesters demonstrate in favor of immigration reform in front of the White House August 30, 2017 in Washington, DC.

FWD.us was formed by Zuckerberg, Bill Gates and other tech heavyweights in 2013 to help fix the immigration system.

According to a report by FWD.us, 91 percent of DACA recipients are employed. Canceling the program, which shields those immigrants from deportation, would mean roughly 30,000 a month would lose their work permits as their DACA status expires, the report said.

On Friday, House Speaker Paul Ryan, R-Wisconsin, and Sen. Orrin Hatch, R-Utah, pushed Trump not to end the program. In an open letter Thursday, nearly 400 executives, including Zuckerberg and Amazon's Jeff Bezos, urged Trump to retain the protections.

Trump is under pressure from attorney generals from 10 states, including Texas, to end the program by September 5.

"The fact that he is being threatened by the Attorney General of Texas, with everything that's going on in Texas, that we're going to spend taxpayer dollars threatening to sue to overturn DACA so they can restart the deportations of 800,000 dreamers, that is just absolutely wrong," Schulte said.

So far, the president has "done the right thing," he added, pointing out that about 200,000 people have gone through the program under Trump.

"He can continue to do the right thing by keeping this program in place and calling on Congress to pass the Dream Act," which would protect those immigrants.

—CNBC's John Schoen and Jacob Pramuk contributed to this report.