U.S. presidential candidate Mitt Romney has promised to "raise visa caps for highly skilled foreign workers" if elected.
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In a letter responding to the New York Tech Meetup community, Romney also promised to "offer permanent residence to foreign students graduating with advanced degrees in relevant fields." The group had asked both Romney and Obama what they'd do for startup entrepreneurs if elected, and both campaigns responded with letters.
By mentioning visa caps, Romney inevitably refers to the much sought-after H-1B visas that Silicon Valley and many US industries rely on to hire sufficient quantities of highly skilled, foreign-born engineers. (44% of Silicon Valley startups have had at least one immigrant among their founders.) In 2012, the supply of 85,000 H-1Bs ran out in just two and a half months. New York City mayor Mike Bloomberg has called limits on H1-B visas "national suicide."
Unlike Romney's letter, Obama's did not make specific promises related to future immigration reform. Instead, it touted his record, noting that "We have a start-up visa program that's allowing foreign entrepreneurs to establish businesses in America and create American jobs."