Posted on 03/06/2018 10:52:53 AM PST by LibertyFound
Small Businesses Get $2 Billion If They Hire Alien Grads Instead Of American Grads
The Federal government is still incentivizing businesses to favor immigrants over Americans, to the tune of $2 billion in subsidies across the country, according to the Center for Immigration Studies.
They do this via the Optional Practical Training (OPT) program. This program by the Federal government provides money to businesses that discriminate against American citizens in favor of immigrant ones.
At this point, this is just par for the course.
According to the CIS, this program was used to scrape $2 billion from the Federal tax pool to give to businesses that hire 240,000 alien college graduates in favor of American graduates. This is done by giving any business that hires a foreign student that has graduated from a US post-secondary institution an 8.25% tax break.
The CIS explains how this number was calculated:
The subsidies to hire the foreign alumni are extracted from the Social Security, Medicare, and Unemployment Insurance Program trust funds and were estimated to be in the area of $1.155 billion in that article. It is now clear that in FY 2017 the total subsidies came to something like $1.98 billion, or close to $2 billion.
They then go on to note the political support this program has silently received over the past decade:
The program, as we noted earlier, has had silent but bipartisan support; it was created by the Bush II administration without any congressional authorization, was subsequently expanded by the Obama administration, and has been tolerated by the Trump administration.
(Excerpt) Read more at nationaleconomicseditorial.com ...
This must stop.
If true, that's just wrong. Are there other programs siphoning off these funds?
And immediately.
there are no "funds" in these programs sufficient to cover yearly costs. They are all pay as you go with monies from the general fund. The "funds" are just a collection of IOU's and are insolvent.
Trump has his work cut out for him...
Each day we find out more of how the Deep State has $crewed us as tax payers and $crewed American Citizens out of jobs.
One of my friends was a cpa and CFO for many companies.
He said after 8 years of Bush 2 and 8 years of Obama, b$ like this happens in every department from the DOD to the lowest tax paid department.
He said that 8 years of Trump might balance the federal budget as Trump gets rid of b$ like this.
Can we sue the federal government for discrimination and for pissing away our money?
bookmark
It would be stupid to have a cash lockbox like Gore and Bush recommended.
You have to invest the funds somewhere, and US treasury notes are still considered the safest investment.
If this was a completely standalone agency, you wouldn’t be able to say that. If they invested in corporate bonds, there no funds there either. Corporations only issue bonds so that they can spend the money. Same with US treasuries.
Gold, land, oil reserves - there are plenty of assets with substance out there rather than a treasury bond from a debtor that comes up a trillion dollars short in paying its financial obligations every year.
SHUT IT DOWN
NOW !!!
The tax loophole is just one of many corrupt and infuriating things about the OPT program.
And recover the funds.
And yet the treasury bond/note is still considered the safest asset. Why?
Sounds like an Obungo program that his holdovers have kept hidden from Trump.
Who’s government bonds? Some are considered worthless. The US bonds hold value only because the government can print money. It’s still a ponzi scheme and, yes, some pozi schemes last longer than others but the ultimate result is always the same.
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The program, as we noted earlier, has had silent but bipartisan support; it was created by the Bush II administration without any congressional authorization, was subsequently expanded by the Obama administration, and has been tolerated by the Trump administration.
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Sounds like it’s illegal\unconstitutional as it is...another fiat by the executive w/ the wink-wink-nudge-nudge of Congress.
We should tar and feather every person who supported this betrayal of Americans. I’m so sick of our asshole politicians stabbing us in the back.
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