As usual, the ObozoFeds finds a way to screw American STEM (science, math, engineering, technology) graduates at the behest of the Chamber of Commerce.
(You thought the Chamber was an extension of the (R) Party? Think again, pilgrim.)
ObozoFeds will now classify foreigners who HAVE graduated as "students."
...in adjusting how the foreign students are categorized as employees,
they get out of paying payroll taxes used to help fund programs like
Social Security and Medicare.
Currently, the program urges companies to hire STEM students for a
year. CIS said firms are paid up to $10,000 to participate. The new
proposal, said CIS, is to add on another year and $2,000 in bonuses....
The Chamber will, of course, throw millions of dollars at (R) candidates who will perpetuate this screwing. That will make college loans into one massive pile of defaults and will also make American kids much, much less interested in obtaining an STEM degree.
Just perfect.
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