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The 20 financial firms that could be hardest hit from Trump's new H-1B fee β€” from Goldman Sachs to Citi
Business Insider Africa ^ | 9/24/2025 | ALEX NICOLL

Posted on 10/11/2025 6:40:18 AM PDT by marcusmaximus

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1 posted on 10/11/2025 6:40:18 AM PDT by marcusmaximus
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To: marcusmaximus

Business Insider Afrika. ROTFL! (((YAWN)))


2 posted on 10/11/2025 6:43:49 AM PDT by FlingWingFlyer (Fire the Rutgers Aunt Teefer "perfeser's" goat smelling butt NOW!!! Mark the Braying ass!)
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To: All

S-2821, the American Tech Workforce Act, has not passed Congress. The 2025 version of the bill was introduced in the Senate in September 2025 by Senator Jim Banks and has since been referred to the Senate Committee on the Judiciary.

Current status: The most recent version, known as the American Tech Workforce Act of 2025 (S.2821), was introduced in the Senate on September 16, 2025. It has not moved beyond the committee stage. Earlier versions of the bill were introduced in previous sessions of Congress but also failed to become law.

Key provisions
<><>the bill would enact major changes to the H-1B and Optional Practical Training (OPT) programs: Raise the wage floor for H-1B visas: The minimum annual salary for H-1B visa holders would increase from $60,000 to $150,000.
<><>Eliminate the OPT program: This would terminate the work authorization program that allows foreign students to gain temporary employment in the U.S. after graduation.
<><>Reform H-1B visa allocation: The existing H-1B lottery system would be replaced with a system that awards visas to the highest-paying employers.


3 posted on 10/11/2025 6:45:13 AM PDT by Liz (To make a conservative mad, lie to him. To make a leftist mad, tell him the truth.)
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To: All
JPMorgan Chase CEO Jamie Dimon said on CNBC while in Mumbai, India
4 posted on 10/11/2025 6:46:21 AM PDT by marcusmaximus
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To: marcusmaximus

And what about GOVERNMENT! At ncfast/ncdhhs it was 80 h1bs to 1 American! Hell they even had 1 guy and gal over there doing the tech interviews for 100s of them. Then these incompetent frauds are here and stay somehow! Go to the Apex NC Costco and you are in India and not America!


5 posted on 10/11/2025 6:51:21 AM PDT by Harpotoo (Being a socialist is a lot easier than having to WORK like the rest of US;-))
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To: marcusmaximus

SO BE IT! American jobs for Americans!. H-1BS should go home and work out their own problems. It is just a ticket for cheap labor to push out Americans. I speak from experience.


6 posted on 10/11/2025 6:52:56 AM PDT by wetgundog
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To: Harpotoo

It’s all by design.


7 posted on 10/11/2025 6:55:25 AM PDT by marcusmaximus
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To: marcusmaximus

roles


8 posted on 10/11/2025 7:01:35 AM PDT by one guy in new jersey
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To: marcusmaximus

These firms had best start funding programs to build-up the American workforce rather than its replacements. And building up the American workforce requires ending DEI.


9 posted on 10/11/2025 7:22:07 AM PDT by Socon-Econ (adi)
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To: AdmSmith; AnonymousConservative; Arthur Wildfire! March; Berosus; Bockscar; BraveMan; cardinal4; ...
Earnings are coming out for both. I'm sure no one wants the prices of a couple of the largest financial stocks to slide a little in order to back up the truck ahead of that. That kind of thing never happens. πŸ˜‰

10 posted on 10/11/2025 7:24:55 AM PDT by SunkenCiv (NeverTrumpers are Republicans the same way Liz Cheney is a Republican.)
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To: marcusmaximus

Oh noes, banks will have to hire Americans!


11 posted on 10/11/2025 7:42:10 AM PDT by jimtorr
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To: marcusmaximus

Since I do projects for banks......yes Citi has plenty...so does Wells Fargo. So does BofA. I don’t know about Chase since I’ve never done a project for them but I suspect they have plenty too. I notice the banks aren’t showing up as the top firms hiring them except for Citi....then all I can say is they must be some of the biggest customers of these H1B consulting firms (plus Deloitte) because I’ve seen the hordes of H1b Indians in all those big office towers for the banks. Thousands of them.


12 posted on 10/11/2025 7:50:14 AM PDT by FLT-bird
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To: jimtorr
Oh noes, banks will have to hire Americans!

I estimate 1/4 of the people in those big officer towers for the banks are H1B Indians. I've been in consulting doing projects for big banks for 20 years. I've worked for Wells Fargo, Citi, BofA, Keybank, Citizens Bank, MUFG, SMBC, US Banks and others. Multiple projects at most of those.

13 posted on 10/11/2025 7:53:41 AM PDT by FLT-bird
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To: Socon-Econ

The institutional racism is against whites, especially the dreaded white male.


14 posted on 10/11/2025 7:54:37 AM PDT by central_va ( I won't be reconstructed and I do not give a damn...)
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To: marcusmaximus

We need a white equivalent of MLK to fight institutional racism.


15 posted on 10/11/2025 7:57:43 AM PDT by central_va ( I won't be reconstructed and I do not give a damn...)
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To: Liz

No need.
Just end the visa programs & give them the bum’s rush home.


16 posted on 10/11/2025 8:04:31 AM PDT by bobcat62
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To: marcusmaximus

Article F@#$ed up when used the word “skilled”. That is not the purpose of H1B. The purpose (& I have hired in that program) is to import defacto slaves. Once imported at a lower rate than local domestic US citizens the importee cannot look around and see if there is a better position available. They are locked into the hiring company — enslaved.

Like forming an international workers’ union that functions to entrap importees and exclude local talent.

Skills have nothing to do with it. They will hire janitors if they could get away with it.


17 posted on 10/11/2025 8:13:36 AM PDT by bobbo666
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To: FlingWingFlyer
--- "Business Insider Afrika. ROTFL! (((YAWN)))"

Coupled to "could be."

18 posted on 10/11/2025 8:22:45 AM PDT by Worldtraveler once upon a time (Degrow government)
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To: marcusmaximus

Democrats love ‘cheap labor’... Cheap labor doesn’t have to mean the people are working at the bottom of society picking grapes - it means they’re working at wages below what would ghave to be paid to Americans.

Democrats used cheap black labor in the lead up to the civil war. Democrats used Jim Crow tactics to keep black cheap labor in line after the civil war - and today they used bullshi*t pity party ‘racist’ name calling to bring in more cheap labor to undermine American workers. To hell with these greedy white liberal ‘elites’. And that includes Jamie Dimon and the rest of ‘em who use our public schools for DEI dumbing down experiments. They wouldn’t do that if they had to hire America’s young...


19 posted on 10/11/2025 8:35:00 AM PDT by GOPJ (NO 'prizes' from Pulitzer, Nobel or Antifa - reject the filth. <P><I><B><big><center></B>)
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To: central_va

We had one in Charlie Kirk. He met the same sad fate as MLK.


20 posted on 10/11/2025 9:52:39 AM PDT by Vigilanteman (The politicized state destroys many aspects of civil society, human kindness and private charity.)
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