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New six figure H-1B visa fee could cost US Treasury $38 billion over 10 years if applications fall: Study

A proposed $103,265 H-1B visa fee could significantly reduce applications, leading to a loss of $32 billion to $38 billion in federal revenue over a decade.

New six figure H-1B visa fee could cost US Treasury $38 billion over 10 years if applications fall: Study

A proposed $103,265 fee for H-1B visas could cost the US Treasury $38 billion over a decade if reduced applications follow, according to a study by the Computer & Communications Industry Association (CCIA) Research Center. The analysis questions the Department of Homeland Security's (DHS) assumption that employers will still file around 85,000 cap-subject H-1B petitions annually post-fee implementation.

DHS estimates the fee could generate $8.8 billion yearly. The fee, part of a Trump administration overhaul, applies to cap-subject petitions, including those eligible for the US advanced-degree exemption, and would be added to other immigration fees. If applications drop by 36% to 38%, the Treasury could lose $32 billion to $38 billion over ten years, with a potential loss of $142 billion if filings decline 75%.

The CCIA argues DHS should reconsider the proposal as revenue projections assume no significant drop in applications.

Written by urgent.news from Hindustan Times - World News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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