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The Private Prison Industry Looks Forward to Soaring Profits Thanks to Trump’s Budget

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The Private Prison Industry Looks Forward to Soaring Profits Thanks to Trump’s Budget
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As President Trump rolled out his proposed budget for the upcoming fiscal year, the private prison industry was rejoicing. The “Big, Beautiful Bill” as Trump calls it, included a whopping $45 billion for immigration detention, a long-awaited victory for the private prison industry.

For years, private prisons have been lobbying the government for more contracts and higher profits. And with Trump’s tough stance on immigration, their dreams have finally come true. The private prison industry, which has already seen a surge in profits since Trump took office, is now looking at even higher returns thanks to his budget proposal.

The $45 billion for immigration detention is a significant increase from the previous year’s budget of $2.8 billion. This means that the government will have to rely more on private prisons to house and detain immigrants, leading to a surge in their profits.

But what exactly is the private prison industry? It is a multi-billion dollar business that operates prisons and detention centers for profit. These facilities are run by private companies, and the prisoners or detainees are seen as a source of income. The more prisoners they have, the more money they make. And with Trump’s budget, the private prison industry is going to make a lot of money.

The Intercept reports that the two biggest private prison companies, CoreCivic (formerly known as Corrections Corporation of America) and GEO Group, have already seen their stocks soar after Trump’s win in the 2016 election. And since then, their profits have only continued to increase.

The private prison industry has been heavily criticized for its lack of transparency and inadequate treatment of prisoners. In fact, a report by the Department of Justice found that private prisons had higher rates of violence and security issues compared to government-run facilities.

But despite these concerns, the industry has continued to thrive. And with Trump’s budget, it is set to become even more profitable. This is because the budget proposal not only increases funding for immigration detention but also calls for a 35% increase in the overall number of detention beds. This means that the government will need more space to detain immigrants, and private prisons are the most likely option.

For the private prison industry, Trump’s budget is a dream come true. It not only increases their profits but also ensures a steady stream of income for years to come. And they have been vocal in their support for the budget proposal. In a statement, GEO Group CEO, George Zoley, said, “We are very pleased with the President’s budget request and appreciate his continued support for our industry.”

But while the private prison industry celebrates, human rights advocates and activists are deeply concerned. They fear that the increase in funding for detention will lead to more family separations and inhumane treatment of immigrants.

Furthermore, the budget proposal also includes funding for the construction of a border wall, which Trump has made a cornerstone of his immigration policy. This wall will not only cost billions of dollars but will also require more detention facilities to house those who attempt to cross the border illegally.

The private prison industry is undoubtedly looking at soaring profits thanks to Trump’s budget. But at what cost? The treatment of prisoners and immigrants should not be seen as a business opportunity. It is a responsibility that the government should take seriously.

As the budget proposal makes its way through Congress, it is essential to consider the implications of increased funding for the private prison industry. We must not forget that behind these soaring profits are human lives, and their well-being should not be sacrificed for the sake of corporate profits.

In conclusion, Trump’s budget proposal has sent a clear message to the private prison industry – their profits matter more than the well-being of prisoners and immigrants. As the industry celebrates, we must remember that the true cost of their profits is the suffering of human beings. And that is a price that is too high to pay.

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