The former Trump Economic Adviser Stephen Moore joined “Varney & Co.” To discuss the standard gold prices, the Presidentd Trump H-1B visa fees, golden visas, and why natural gas and nuclear energy in America.
Business and economic leaders warn that the new Trump administration fees amounting to $ 100,000 on H-1B visas may harm the innovation engine in America.
Investor Kevin Olieri and Economist Stephen Moore Fox Business told Monday that the move risks the highest global talents-engineers and businessmen who helped build the giants of Silicon trillion dollars-to other countries, undermining American competitiveness and creating job opportunities in the future.
“My response to that, I think it is a bad idea on H-1BS. We need more of them, and not less of them,” said Moore. On “Varney & Co.” “The higher the H-1B visas that we distribute, the greater the number of jobs we create in the United States.”
“I think what this is doing is the long -term innovation. I agree that he will really pay these talented countries to other countries,” Oliri said.
Workers born in the United States see job gain
On Friday, the Trump administration announced that it will implement $ 100,000 fees for new H-1B visa applications. The fees do not apply to the renovations or current visa holders and will start in 2026, According to Reuters.
President Donald Trump takes a question from one of the correspondents before signing executive orders at the White House in the White House on September 19, 2025, in Washington, DC, Trump signed two executive branches, creating a “Trump Gold Card” and an introduction (Getty Images)
The administration said that the goal is to reduce what it considers to use the program and determine the priorities of jobs of higher value.
“By inhibiting the companies that expose it to American wages,” President Trump promised to put American workers in the first place, and this logical work is that by inhibiting companies that expose unwanted messages, “said Taylor Rogers Taylor Rogers Taylor Rogers Taylor Rogers Taylor Rogers.
And she continued: “The text of the advertisement is very clear and it is unfortunate that unattended reporters and corporate lawyers are trying to sow chaos and confusion.” “The Americans have another reason to celebrate an unprecedented act by President Trump to protect Americans from cheap foreign workers.”
About 400,000 H-1B visas were approved in 2024, according to the PEW Research Center. India was the highest birth country for visa holders, as it constituted 73 %, while China ranked second by 12 %.
American citizenship and immigration services require that they are applicants H-1B At least a bachelor’s degree It applied for “specialized professions”. Many H-1B holders work in the technology sector, with a large presence in software, systems engineering, academic circles and health sciences.
The Chairman of the Board of Directors explains Kevin Olieri why he does not support a $ 100,000 fee on new H-1B work visas.
“We are attracting the best and brightest people from all over the world to places such as Silicon Valley and Austin, Texas, Boston, Massachusetts,” Moore noted. “Did you know … that three of Our amazing seven companies… Executive managers came to the H-1B visa? So think about hundreds of thousands of thousands of jobs created by people like Elon Musk. “
Although Musk did not use the H-1B process, it moved from South Africa to Canada before moving to the University of Pennsylvania in the United States, where he eventually built companies such as Tesla and Spacex, which established hundreds of thousands of jobs.
“Apple, Oracle, Google began in a garage. They couldn’t have provided it. All of these companies have benefited from the talents they could not find in the United States as they grow,” Olry said.
After the announcement, I advised internal emails from Microsoft, JPMorgan Chase and Amazon by Reuters H-1B employees to stay in the United States until further notice.
The chief economic advisor, Allianz Mohamed El -Erian, warns of “sticky” inflation, and the markets face debts and deficit in the rope of war and the most risks can come from the weak job market.
Moore said: “The imposition of fees on coming in the United States, I mean, may be more logical, and we can raise some money than that,” Moore said. “There was a parallel proposal presented by Trump that was announced last week, which he loved a lot, which is these golden visas … You pay a million dollars, you will get a visa, agree to come to the United States, start business, and employ a certain number of Americans. This is a great idea.”
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“So, Mr. President, I love this idea,” Moore continued. “I’m not more wild to charge people more for H-1B visas.”
O’Leary submitted his own suggestion: “My position on that is, if we educate you at the Massachusetts Institute of Technology or Harvard, any school, we must offer you … a free ticket to stay here, marriage, and form a company and build American companies here.
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