The Establishment Hides Subsidies for Employers Hiring Alien Grads (cont.)
By David North on May 22, 2018
In an earlier posting, I asked rhetorically how the Wall Street Journal could run an otherwise accurate article about the Optional Training Program (OPT) without mentioning the massive federal subsidy to employers for hiring former foreign students instead of Americans or green card holders.
OPT excuses both employers of recent alien college grads and the aliens themselves from the normal payroll taxes of about 8.25 percent when an alien college grad is hired rather than an American one. This odd incentive costs three federal trust funds (for Social Security, Medicare, and Unemployment Insurance) a total of at least $2 billion a year. U.S. citizens and green card holders, and their employers, are not eligible for this subsidy because they are required to pay payroll taxes.
https://cis.org/North/Establishment-Hides-Subsidies-Employers-Hiring-Alien-Grads-cont
