Donald Trump increases a visa fee for specialists to $ 100,000

Donald Trump increases a visa fee for specialists to $ 100,000

Drastic increase
Trump increases visa fees for specialists to $ 100,000








Donald Trump wants companies to rather hire Americans and drastically increase a visa fee. Also new: the “Trump Gold Card” for one million dollars.

Breaking for American tech companies: President Donald Trump has a fee of $ 100,000 for a working visa category that is often used by such companies. The H1B visa should give American companies the opportunity to bring qualified employees into the country. A large part of them come from India.



Some allies of Trump have been criticizing for some time that the visa category is being misused-and Jobs are taking away from American employees. The bosses of large tech companies had tried to build a closer relationship with the Trump government in the past few months, and at an event in the White House they had not held back to the US President. Trump said he thinks the tech companies would be “very happy” about the new regulation.

So far, the visa has only cost a processing fee of a few thousand US dollars.


Donald Trump introduces “Gold Card” for one million

Minister of Commerce Howard Lutnick said at the announcement in the White House, the $ 100,000 (currently a good 85,000 euros) are to be paid annually. Lutnick said that it should no longer expect US companies to bring inexperienced employees into the country. You would then have to ask yourself whether a job candidate is valuable enough for you to pay the government $ 100,000 in addition to his salary. Instead, they could hire American employees, said the minister.

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Does his economic policy work?

The President also signed the decree of the “Trump Gold Card”, which has already been announced, with which one will be able to settle in the United States for a million dollars. On a poster next to his desk, the representation of a golden card with Trump’s image and the statue of freedom could be seen in the background. With a planned platinum card, you should be able to stay in the United States for five million dollars up to $ 270 days a year-without having to pay US tax on income outside of the United States.

Dpa

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Source: Stern

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