H-1B Visa Fee Could Cost US $38 Billion Over 10 Years: Tech Firms
Summary
The U.S. Department of Homeland Security (DHS) has proposed a new $103,265 fee on H-1B visa applications, which are used by companies to hire highly skilled foreign workers. A study by the Computer & Communications Industry Association (CCIA) suggests that if employers apply for fewer visas because of this high fee, the government could lose up to $38 billion in overall revenue over 10 years.Key Facts
- The new proposed fee on each H-1B visa application is $103,265.
- The H-1B visa lets U.S. employers hire foreign workers with specialized skills, usually requiring a bachelor’s degree or more.
- DHS expects about 85,000 visa applications each year, generating around $8.8 billion annually from the fee.
- The CCIA study questions this assumption, modeling lower application amounts due to the high cost.
- If applications drop by about one-third, the government’s total revenue, including taxes, could fall by $32 to $38 billion over 10 years.
- In a worst-case scenario, revenue losses could reach $142 billion if visa filings fall drastically.
- The fee aims to help cover costs of managing immigration by several federal agencies.
- DHS believes companies can afford the new fee and will keep applying for the visas at the same rate.
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