The Trump administration announced a proposed increase in the H-1B visa fee to $100,000. This policy, according to the administration, aims to ensure that individuals brought into the country possess “very highly skilled” qualifications and do not replace American workers. The stated objectives include safeguarding American jobs while providing a mechanism for companies to hire “truly extraordinary people” with specialized expertise. Companies are responsible for sponsoring H-1B applicants.
President Trump stated that the revenue generated from this fee would be allocated towards reducing taxes and national debt. He expressed confidence in the initiative’s success and anticipated a positive reception from technology executives who employ foreign workers via H-1B visas. The administration also referred to a “Gold Card” system, which Trump projected would generate significant revenue and enable companies to retain necessary personnel. Lutnick also commented on the initiative, emphasizing the selection of “valuable people only for America” and mentioning prospective changes to the Green Card system.
Source: indianexpress.com