WASHINGTON — Over 120 business leaders have signed a letter opposing the U.S. Department of Homeland Security’s proposed “public charge” immigration regulation, under which non-citizens who are in the country legally could still be denied a visa or a green card if they earn less than a comfortable middle-class salary, suffer from a medical condition, or have financial liabilities, among many other disqualifiers.
The letter, which is signed by a broad-cross section of business leaders representing the the consumer goods, technology, finance, and healthcare industries among many others, says the proposed rule will “slow economic growth and prevent businesses from expanding.” The letter further states that the proposed rule creates “substantial, unprecedented, and unnecessary obstacles” that will impose tremendous compliance costs and shut the door to global talent.
The full letter, along with the list of signers, is available here:
As first reported in the Wall Street Journal, the letter criticizes the proposed rule on four primary grounds, namely that this DHS policy would:
- Severely restrict global talent that U.S. companies need in order to succeed and expand;
- Impose enormous, unnecessary compliance and wait-time costs on U.S. companies of all sizes;
- Fail to consider any of the considerable benefits that immigrants provide to the U.S. economy and tax base; and
- Run counter to fundamental American values.
Boundless Immigration, a technology company helping families navigate the immigration process, spearheaded the letter opposing the public charge rule.
Doug Rand, the President and Co-Founder of Boundless Immigration, said of the public charge rule: “This policy simply doesn’t add up. It spends 20 pages estimating the alleged costs imposed by non-citizens using public safety net programs, but not a single sentence on the economic benefits they bring. I run a business I co-founded with two exceptionally talented immigrants, and I’m not alone in understanding the tremendous value that immigrants deliver for the U.S. economy. Business leaders understand cost-benefit analysis, so we know that putting forward a policy that ignores one half of the ledger isn’t only irresponsible. It’s bad business.”