Thank goodness I'm no longer a H1B holder, having returned home after the Clinton days.
We should fund training and education in STEM for US citizens but that is a separate discussion from this.
Since 1998, H1-B applications include a $500 fee[1] that's used to "...provide training and related activities to workers to assist them in gaining...employment in high-growth industries or economic sectors."[2]
Government programs frequently include provisions for how they will be funded.[3] And revenues generated by government programs are frequently earmarked for specific purposes prior to collection.[4]
That money is not fungible. It is "mandatory" spending.[5]
If you're going to be wrong, you should try not to be rude at the same time.
1: https://en.wikipedia.org/wiki/American_Competitiveness_and_W...
2: https://www.dol.gov/agencies/eta/skills-grants/h1-b-skills-t...
3: https://en.wikipedia.org/wiki/Cigarette_taxes_in_the_United_...
4: https://en.wikipedia.org/wiki/Pennsylvania_Lottery#Lottery_p...
5: https://www.cbpp.org/research/federal-budget/introduction-to...
pavlov•4mo ago
Amazing level of contempt for ordinary foreigners who came into the country legally.
The inhumanity aside, the economy-related quotes from Lutnick and Trump are typically laughable. It’s hard to believe these guys are in charge:
“[Lutnick] added that the revised program would filter out the ‘bottom quartile’ while generating more than $100 billion for the US Treasury. Trump further said that the revenue would be used to reduce national debt and lower taxes.”
The US has a multi-trillion-dollar deficit. Even if they could somehow get a million H1B holders paying this huge sum, the income wouldn’t reduce the national debt because you’re still running a big deficit. It would just slightly slow the current growth of the deficit.
jvanderbot•4mo ago
jmpman•4mo ago
Irishsteve•4mo ago
jmpman•4mo ago