From a policy standpoint, you have to start from a realistic premise: as long as the richest nation on the planet is right next to a continent of economic basket cases, people are going to keep coming here to work -- it doesn't have matter how many fences they build and how much they militarize the border. Globalization has freed capital and tries to pen in labor. Doesn't work.

This seems to have the seeds of a No Child Left Behind Act situation in it: by saying that all the wall building boondoggle has to be done first, it sets up the likelihood that the more practical parts never get implemented. We've seen a lot of that.

Whether it is a chamber of commerce wet dream will tend to be decided in the details of how much they've tinkered with the "family reunification" standards for legal immigration. If they make the immigration standard skill and job based, they are using immigration policy as a global hiring hall for brain draining corporations. The laboring classes get screwed in such a deal.

It will take awhile to see how this plays out for Democrats if it is passed. Latino voters are greatly moved by family loyalty. If the Dems colude in reducing the preference for family reunification in immigration law, Latinos MAY punish them. The punishment would likely be passive though -- not voting. We can trust the Republicans to continue to give a home to racist nativists who want to throw 'em all out. That will keep most Latinos away from them.