Corporate Welfare for IBM, Accenture at Heart of Senate Amnesty Bill
We need to have laws against bailouts and handouts.
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The Senate’s immigration bill contains a tech industry handout for some companies like IBM and Accenture. It would virtually eliminate competitors in the market for highly-skilled immigrant labor.
Multiple sources close to the immigration debate have told Breitbart News that the provision is a key reason the corporate titans helped build support for passage of the immigration bill in the Senate. They fought hard to pass the law in the Senate and have been strategizing to get final passage in the House.
At issue is an overlooked change to the H1B visa system, used primarily by technology companies seeking foreign scientific talent. Companies like Cognizant Solutions, based in New Jersey and Tata Consultancy, based in India, bring foreign engineers into the country on H1B visas and then contract out their services to small and medium sized businesses that need help with specific projects.