Huge Tax Subsidies for Employers Hiring Ex-Foreign Students from Marginal Schools
By David North on November 23, 2018
The government has just revealed, inadvertently, how much it sacrifices from the trust funds for the elderly every year to subsidize employers who:
discriminate against American college grads, in favor of. . .
foreign college grads who have just graduated from. . .
one specific university that had been on the edge of being put out of business.
How much? More than $48,000,000 in 2017. That's to employers of former foreign students from just one visa mill. In one year.
Doling out the subsidies is the Optional Practical Training (OPT) program; the subsidy takes the form of exempting both the foreign worker and the employer from paying payroll tax, based on the fiction that the workers are still students. We estimated earlier this year that 240,000 aliens' jobs were subsidized by this program, and it reduced payments to the Social Security and Medicare trust funds by $2 billion a year.
https://cis.org/North/Huge-Tax-Subsidies-Employers-Hiring-ExForeign-Students-Marginal-Schools
