In a surprising move sure to ripple across the tech sector, President Donald Trump signed a proclamation on Friday enforcing a \(100,000 annual fee for H-1B visa applications. This landmark decision, poised to also introduce a \)1 million “gold card” visa, promises to reshape the landscape for highly skilled foreign workers in the U.S., according to WHEC.com.
A Monumental Price Jump
Previously set at $215, the hefty new fee drastically escalates the cost of securing H-1B visas, a crucial gateway for tech companies desperate for talent. While Commerce Secretary Howard Lutnick insists on industry support, the shift could discourage many from pursuing opportunities on American soil.
Bipartisan Blowback and Tech Giants on Edge
Despite Lutnick’s confidence, the silence from tech behemoths like Amazon, Apple, and Google is telling. Lawmakers and industry observers are gearing up for formidable legal battles, citing the administration’s overreach. Yet, for critics of the H-1B program, it’s a victory worth celebrating.
Gold and Platinum: The New Visa Landscape
Trump’s visa strategy doesn’t stop there. His “gold card” visa, priced at a steep \(1 million, and the \)5 million “Trump Platinum Card” provide wealthy individuals a plush path to U.S. residency. However, these premium options demand rigorous vetting and congressional approval, presenting potential legislative hurdles.
Industry and Policy Experts React
Doug Rand, a former senior official at USCIS, decries the fee hike as ‘ludicrously lawless,’ framing it as grandstanding for a political base rather than substantive policy. Meanwhile, labor groups call for radical reform, urging recompense based on merit instead of chance.
The H-1B Lottery: Reforms and Realities
Entangled in controversies surrounding potential system gaming, recent reforms favor only one lottery entry per candidate. While this curtails fraud, critics argue for further adjustments, such as rewarding the highest-paying companies to thwart salary undercutting.
What lies ahead remains uncertain, but with the tech sector’s backbone at stake, Trump’s audacious proclamation is sure to shape the discourse for years to come.