Trump hits H-1B visas with $100,000 fee, targeting the program that launched Elon Musk and Instagram

The Trump administration has introduced a significant increase in the fees for H-1B visa applications, raising the cost from the current $215 to a hefty $100,000. This move targets the H-1B visa program, which has been instrumental in the success of many tech companies, including giants like Elon Musk's Tesla and Instagram. The proclamation signed by President Trump aims to address concerns about the use of the H-1B program, which allows companies to hire foreign workers with specialized skills. Critics argue that the program has been exploited to displace American workers, while proponents say it helps attract and retain top talent. The significant fee hike is part of the administration's broader efforts to reform the H-1B visa program and protect American jobs. The move is likely to have a significant impact on the tech industry, which has long relied on the H-1B program to fill critical positions.