Microsoft & Intel Get a Pass On Higher H-1B Fees 209
theodp writes "Criticizing companies that outsource high-paying American jobs, Senator Charles Schumer described Indian IT company Infosys as a 'chop shop'. (Nine Indian companies accounted for 20,000 H-1B visas as of 2007. In 2008, Infosys held 4,500 of the visas; the number was down by a factor of 10 in 2009.) The comments came as the Senate scrambled to fund the $600M Mexican Border Security Bill by hiking application fees for H-1B and L-1 visas. The Senate measure increases H-1B visa fees by $2,000 per application on firms that have 50% or more of their employees on this visa. Schumer pointed out that the bill would not affect high-tech companies such as Intel or Microsoft 'that play by the rules and recruit workers in America,' although they are among the biggest beneficiaries of the H-1B program."
did i read that right (Score:5, Funny)
Re:Nothing to do with Intel or Microsoft? (Score:2, Funny)
I'm a tax-savings bonus hunter. My job is to apply the formula.
Take the number of foreign workers in the field, (A), and multiply it by minimum wage, (B), then multiply the result by a trivial arbitrary number of payable hours, (C). A times B times C equals X...
If X is less than the cost of H1-B visas for A, we hire shills.
Are there a lot of these kinds of loopholes?
Oh, you wouldn't believe.
... Which... software company do you work for?
A major one.