Business Roundtable is an association of chief executive officers of leading U.S. companies working to promote a thriving economy and expanded opportunity for all Americans through sound public policy.
New Business Roundtable Report Shows Other Advanced Economies Have Figured Out Better Ways to Allow Employers to Hire High-skilled, Top World Talent
Washington – With the announcement today that both the 65,000 and 20,000 H-1B visa caps for fiscal year 2016 have been reached, Business Roundtable CEOs made a renewed call for Congress to fix a broken immigration system that keeps U.S. companies from hiring the top world talent they need.
“Congress cannot claim it’s too hard to allow top world talent to contribute to America when other countries have figured out how to do it for their own economies,” said Greg Brown, Chairman and CEO of Motorola Solutions, and Chair of the Business Roundtable Immigration Committee. “The problem is simply lack of action in Washington. How many more H-1B caps do we have to reach before policymakers fix the system?”
The outdated H-1B visa system was one of the factors in a new Business Roundtable analysis that put the United States ninth out of 10 advanced economies in terms of employment-based immigration policies. “State of Immigration: How the United States Stacks Up in the Global Talent Competition” revealed that U.S. employment-based immigration policies are “mostly unfavorable” to economic growth, while many of its competitor nations have adopted more favorable policies across the board.
In addition to insufficient H-1B visa numbers, the Business Roundtable report found other challenges for the U.S. immigration system include low annual limits on employment-based green cards, high denial rates for intracompany transfers and a lack of visas for both immigrant entrepreneurs and year-round, lower-skilled workers.
Business Roundtable released an economic growth agenda earlier this year that includes tax reform, expanded trade opportunities, immigration reform, fiscal stability and infrastructure investment. Learn more about Business Roundtable solutions to fix the broken U.S. immigration system here and our 2015 growth agenda here.