The Trump administration is pursuing an 'explosive expansion' of the U.S. immigration detention system, aiming to scale capacity from approximately 41,000 beds to 100,000 beds. This initiative includes inviting bids for contracts to operate detention centers valued at up to $45 billion.
The House of Representatives has approved a broad spending bill that allocates $175 billion for immigration enforcement, significantly increasing the budget for such activities. This substantial funding underscores the government's commitment to mass deportations as promised during the 2024 campaign.
CoreCivic has already secured a five-year contract to house 2,400 people in families at the Dilley, Texas, facility. This contract is a direct result of the administration's policies, and CoreCivic's stock has surged 62% since Trump's election, reflecting investor confidence in the company's position to benefit from these policy shifts.
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