Trump Administration Officially Delays 'Startup Visa' Rule (sfchronicle.com)

Trisha Thadani, reporting for SFChronicle: The Trump administration has officially delayed a rule that would allow some foreign entrepreneurs to stay in the U.S. and build their companies. During this delay, the administration will propose a plan to rescind the rule all together, according to a Federal Register notice that will be published Tuesday. This official notice, which will be published in the Federal Register Tuesday, comes exactly one week before the rule was slated to go into effect. It will be delayed until March 14. The International Entrepreneur Rule, is the closest the United States has come to the "startup visa" Silicon Valley has long sought, was approved by the Department of Homeland Security in January during President Barack Obama's waning hours in office.

Comments

Re:"Entrepreneur"

[Anonymous Coward]

So I invest $250k for a 90% share of your LLC. You come to the US and start your "business" where you work for minimum wage and I am your sole client with a 5-year locked-in contract. Versus paying the prevailing wage of $100k+ per year that could save me a lot of money.

Re:Excuses

[randomErr]

The ones that come to mind are:

• Encourage citizenship
• Keep money in the US
• Stop the loophole that prevents the US from taxing foreign nationals

Re: "Entrepreneur"

[vux984]

Real investors? Or can you or your wife simply invest in your business with 250k line-of-credit against the house?

If not, what if we run it through a holding company so that it looks more arms length? "See, I have memorandum of understanding from MyOfficeChair Startup Venture Capital Ltd, and they've wired the money to the account; see here... and here...

Seriously... the idea that you need 250k lined up from investors sounds good on paper to people who think that's a lot of money. But for a lot of people, that's really not much money at all; and if they just need to 'front it' for the duration of the application process a LOT of people could come up with it for a couple months.

I know I could.

Listen to Bernie

[rsilvergun]

and the progressives. They're not saying we won't pay for it. They're saying we _can_ and _should_ pay for it. They then proceed to point to all the other wealthy countries paying for it just fine. Big difference.

Re:The is the first concrete thing I've seen done

[LeftCoastThinker]

Who exactly will be killed by the repeal of Obamacare? Medicaid and Medicare still exist, there are still over 12,000 free clinics in the US, and no ER in the country can turn you away without treatment. On top of that, there are hundreds of minute clinics (and other similar clinics) where you can get checked out by an RNP for $90 with no insurance...

The whole point of buying insurance is to cover against something unexpected. If you choose not to buy insurance and then you have a massive medical expense that creates a pre-existing condition, sorry, you played Russian Roulette and lost. Why should the rest of us who have been paying for insurance all along for being healthy foot the bill for your medical costs after you chose not to buy insurance to begin with (which is what is going on with pre-existing conditions).

Obamacare was nothing about fixing health care or making it more affordable, it was a massive socialist giveaway to the indigent and working poor on the backs of the middle class, which is why everyone who is reading this post (who works for a living) is now paying 120% more for insurance that now has deductibles 2-5x higher than before Obamacare. Rather than making it affordable for everyone, Obamacare made it free for some at the expense of the middle class, who can ill afford a $8,000/year increase in cost of insurance, plus $5000/year deductibles for a family of 4. The increases are not making the insurance companies rich either, many of who have been posting losses and pulling out of exchanges because all that money goes straight to people with pre-existing conditions and/or premium subsidies for the poor.

Poor people deserve what they earn; nothing. Out of the kindness of our hearts, we provide many free medical services for them in the form of free clinics that may or may not have long lines and Medicaid that may or may not have access to a doctor that they like or longer wait times, but beggars can't be choosers (except in Obamacare, apparently). The US sure as hell can't afford to give them all top tier medical care (as evidenced by the cratering of Obamacare along with out of control insurance premiums.)