Flanked by the president of the Dallas Federal Reserve Bank and the chairman of Texas Instruments Inc., Sen. Phil Gramm (R-Texas) Tuesday announced plans to introduce a bill that would permanently raise the annual cap on H-1B visas from 115,000 to 200,000.
Gramm said his New Workers for Economic Growth Act would also repeal the Social Security earnings test, which levies a heavy tax on money earned by retirees.
At the Dallas press conference, Gramm said Texas risks an economic slowdown because "we lack the skilled professionals needed in high-tech fields." Congress raised the cap on H-1B visas last year from 65,000 to 115,00, but those visas are expected to be used up by the end of this month.
This story, "Gramm to file bill hiking visa limits" was originally published by Computerworld.