Senator Grassley’s Visa Tax
Today’s Wall Street Journal has a good editorial on Senator Chuck Grassley’s proposal for a much increased tax on businesses that hire skilled foreign workers.
What I find especially interesting is this paragraph:
The Senator also maintains that his tax increase is needed to fund more federal programs for high-achieving U.S.-born students, who are notoriously underrepresented in math and science. Leaving aside the dubious notion that the federal government doesn’t spend enough money on education, the high-tech industry has already shelled out more than $2 billion to fund scholarships over the past decade.
So is it preferable to have businesses that will actually benefit from having more highly-trained mathematicians, scientists and engineers in their employ put up money for scholarships, or to have the federal government come up with a program? Let’s see …. The businesses spend their own money and will probably target it carefully. The feds spend other people’s money, and do things calculated to have good political effects for politicians. Furthermore, there’s this funny-looking old document called the Constitution and it doesn’t say anything about Congress spending money on education.
It’s a no-brainer.