Summary
President Donald Trump signed a proclamation to increase the annual fee for H-1B visas for skilled foreign workers to $100,000 and introduced a $1 million "gold card" visa for wealthy individuals. The changes are likely to face legal challenges and could significantly reduce the number of H-1B visas issued.
Key Facts
- The H-1B visa fee will increase from $215 to $100,000 per year.
- A $1 million "gold card" visa offers a path to U.S. citizenship.
- The "Trump Platinum Card" costs $5 million and allows extended stays in the U.S.
- Critics say these changes sidestep Congress and could face legal challenges.
- The H-1B visa program requires a bachelor's degree for high-skilled jobs.
- Big tech companies like Amazon and Google have not commented publicly on the changes.
- California has the highest number of H-1B workers in the U.S.
- The changes could lead to fewer H-1B visas being issued due to higher costs.
