Former Trump financial advisor Stephen Moore joined ‘Varney & Co.’ to debate report gold costs, President Donald Trump’s H-1B visa payment, golden visas, and why pure gasoline and nuclear energy gas America’s future.
Enterprise leaders and economists are warning that the Trump administration’s new $100,000 payment on H-1B visas might harm America’s innovation engine.
Investor Kevin O’Leary and economist Stephen Moore informed FOX Enterprise on Monday the transfer dangers driving high international expertise — the engineers and entrepreneurs who helped construct Silicon Valley’s trillion-dollar giants — to different nations, undermining U.S. competitiveness and future job creation.
“My response to that, I believe it is a unhealthy concept on the H-1Bs. We’d like extra of them, not fewer of them,” Moore stated on “Varney & Co.” “The extra H-1B visas we hand out, the extra jobs we create in the USA.”
“I believe what this does is harm innovation long-term. I agree that it should push these actually gifted individuals into different nations,” O’Leary stated.
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On Friday, the Trump administration introduced it’s going to implement a $100,000 payment for brand new H-1B work visa purposes. The payment doesn’t apply to renewals or current visa holders and can start in 2026, based on Reuters.
President Donald Trump takes a query from a reporter earlier than signing government orders within the Oval Workplace on the White Home on September 19, 2025, in Washington, D.C. Trump signed two government orders, establishing the “Trump Gold Card” and introdu (Getty Photographs)
The administration stated the objective is to scale back what it sees as exploitation of this system and prioritize higher-value jobs.
“President Trump promised to place American employees first, and this commonsense motion does simply that by discouraging corporations from spamming the system and driving down American wages. It additionally offers certainty to American companies who really need to convey high-skilled employees to our nice nation however have been trampled on by abuses of the system,” White Home spokesperson Taylor Rogers informed Fox Information Digital.
“The textual content of the Proclamation could be very clear and it’s unlucky that uninformed reporters and company legal professionals try and sow chaos and confusion,” she continued. “Individuals have one more reason to rejoice unprecedented motion by President Trump to guard Individuals from low-cost, international labor.”
About 400,000 H-1B visas had been authorised in 2024, based on the Pew Analysis Heart. India was the highest nation of beginning for visa holders, making up 73%, whereas China ranked second with 12%.
U.S. Citizenship and Immigration Providers requires H-1B candidates to have at the least a bachelor’s diploma and apply for “specialty occupations.” Many H-1B holders work within the tech sector, with a major presence in software program, techniques engineering, academia and well being sciences.
O’Leary Ventures Chairman Kevin O’Leary explains why he doesn’t assist $100,000 charges on new H-1B work visas.
“We’re attracting the perfect and the brightest individuals from everywhere in the world to locations like Silicon Valley and Austin, Texas, and Boston, Massachusetts,” Moore famous. “Do you know… that three of our Magnificent Seven corporations… the CEOs got here in on an H-1B visa? So take into consideration what number of tons of and tons of of hundreds of jobs have been created by individuals like Elon Musk.”
Though Musk didn’t use the H-1B course of, he moved from South Africa to Canada earlier than transferring to the College of Pennsylvania within the U.S., finally constructing corporations like Tesla and SpaceX which have created tons of of hundreds of jobs.
“Apple, Oracle, Google all began in a storage. They may not have afforded to do that. And all of these corporations took benefit of expertise they could not discover in the USA as they grew,” O’Leary stated.
Following the announcement, inside emails from Microsoft, JPMorgan Chase and Amazon reviewed by Reuters suggested H-1B staff to stay within the U.S. till additional discover.
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“Charging a payment to return in the USA, I imply, possibly an public sale system may make a whole lot of sense, and we might increase some cash from that,” Moore stated. “There was a parallel proposal by Trump that was introduced final week, which I like rather a lot, that are these golden visas… you pay 1,000,000 {dollars}, you get a visa, you agree to return to the USA, begin a enterprise, make use of a sure variety of Individuals. That is an important concept.”
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“So, Mr. President, I like that concept,” Moore continued. “I am not wild about charging individuals extra for the H-1B visas.”
O’Leary supplied his personal proposal: “My perspective about that is, if we educate you at MIT or at Harvard, any college, we should always provide you with… a free ticket to remain right here, get married, kind an organization and construct American companies right here. Why practice them and kick them out? And in the event that they’re obtainable, let’s take all of them and never cost a $100,000. We must always give them a $100,000 to return right here.”
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