Category: american jobs

Ranked: The Revenue Impact of U.S. Tax Hikes


This post is by Aran Ali from Visual Capitalist


historic tax revenue increases from tax hikes

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The Briefing

  • Tax increases backing the American Jobs and Families Plan are expected to exceed 1% of U.S. GDP
  • Only 3 tax increases in U.S. history have ever equaled or exceeded 1% of GDP
  • The infrastructure plans will require 15 years of higher taxes on corporations to fund 8 years of spending

Ranked: The Revenue Impact of U.S. Tax Bills

The United States is opening up its wallet and writing some serious checks under the Joe Biden administration. The American Jobs Plan and the American Families Plan are expected to cost a combined $3.2 trillion in total taxpayer dollars. For comparison, the federal government spent slightly more than $6.5 trillion across all of 2020.

In order to foot the bill, tax hikes will roll out for corporations and the ultra-wealthy.

A History of Tax Hikes

But how do these present tax hikes compare to those of the past?

When comparing the estimated increase in tax revenue as a percentage of GDP, the Biden tax hikes fall on par with the Revenue Act of 1951 under Harry (Read more...)

The Data Behind America’s H-1B Visa Program


This post is by Aran Ali from Visual Capitalist


The H-1B Visa in Charts

The Briefing

  • The H-1B visa is extremely tech focused, with total software developers making up 38% of all applications
  • More than 275,000 applications were filed in fiscal 2021, but only 85,000 will be accepted

H-1B Visa Origins

The H-1B Visa is an immigration program that brings highly skilled workers into America when a shortage of those skills exists in the domestic labor market. The program came to life as part of the Immigration Act of 1990, under the George H.W. Bush administration. Although the program was temporarily suspended for 10 months under the Trump administration, this stoppage has since been lifted by Biden.

Though regulations permit specialized knowledge workers from various fields, it is primarily tech jobs that crowd these occupations. For instance, software developers and computer systems engineers/architects collectively cover almost 50% of all roles.

Competition Intensifies

The H-1B visa is highly competitive. In fiscal 2021, program applications hit 275,000, a 15-year high. The program follows a lottery system where 85,000 applicants are selected at random. Today, that means a given applicant has about a 30% chance of getting in.

YearNumber of Applicants
2021275,000
2020200,000
2019187,500
2018200,000
2017237,500
2016225,000
2015175,000
2014125,000

Although the system is a lottery, the first 20,000 spots are reserved for those with a master’s degree or higher, so those holding a higher education tend to have improved odds.

Roughly two-thirds of applicants come from India. The large Indian presence exists in the sponsor companies list (Read more...)