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HomeMy WebLinkAboutExhibit 1PARTNERSHIP FOR A NEW AMERICAN ECONOMY/ Five Principles to Modernize the Immigration System The 1965 Immigration and Nationality Act brought a Depression Era immigration system into a post - World War II, Civil Rights age. Longstanding racial quotas were abandoned in favor of a system that strove for equality and focused on reuniting families and, to a lesser extent, meeting workplace needs. Nearly half a century has passed since 1965. What was modern in an age before the VCR, the heart transplant, or the moon landing is antiquated in a digital age marked by instantaneous access to information and the rise of a global marketplace. The US immigration system is once again outmoded, outdated, and ill-equipped for the demands of a modern society. The 1965 reform was a big advance for families and for equality. America is long overdue for an equally significant overhaul to advance our economy. As the 113th Congress takes up the call for reform, the Partnership for a New American Economy offers five principles that are essential to a • modern immigration system. 1) Attracting and retaining the world's top innovators and entrepreneurs: America's economy acts as a magnet to the innovators and creative minds of the world. More than 40 percent of Fortune 500 companies were founded by an immigrant or a child of an immigrant, and more than three out of every four patents (76%) that the top ten US universities received in 2011 had an immigrant inventor. But our immigration laws inhibit new businesses and new discoveries by turning entrepreneurs and inventors away, often after we have trained them in our universities. A modern immigration system would promote innovation and entrepreneurship by: a. Granting visas to scientists, technology graduates, engineers, mathematicians, and other innovators, especially those who train at top US universities. b. Creating a Startup Visa for entrepreneurs who want to come to the United States, start. businesses, and hire US workers, especially if they have US investors to back their ideas. c. Expanding the use of the EB-5 investor visa to draw more foreign direct investment into the United States to spur business growth. 2) Recruiting talented workers needed to fill gaps in high- and low -skilled sectors of the economy: In an increasingly specialized and globalized economy, the skills that American companies demand are increasingly out of line with the skills American workers have. The US government estimates that there are more than 3.5 million unfilled jobs in the US, even with high unemployment. Shortages are especially pronounced in both labor-intensive industries like farming, landscaping, and meatpacking, and in high -skilled industries requiring advanced degrees. In concert with reforming our educational and vocational training systems, a modern immigration system would increase America's competitiveness by: a. Removing hard and fast quotas for high- and low -skilled workers and replacing them with flexible visa allotments that respond to changes in workforce need. b. Creating a viable guest worker program so that technology companies, farms, hotels, and other industries can more easily find temporary workers to fill specific employment needs. c. Expanding the number of employment -based visas that are issued each year. Currently just 7 percent of all green cards are given for employment based reasons. 3) Bringing 11 million undocumented immigrants into the legal economy so they can pay taxes, attain better education, and contribute more to US economic growth: America's broken immigration system has allowed 11 million undocumented immigrants to work in the black market and has discouraged millions of bright; hard-working, and high -performing children from completing college and contributing to the economy. Granting legal status to the "DREAM Act" eligible undocumented immigrants would create 1.4 million jobs and generate more than $329 billion in economic activity over 20 years. Granting legal status to all undocumented immigrants would yield even greater economic benefits. A modern immigration system would maximize the productivity of currently undocumented workers by: a. Providing a path to work legally, pay taxes, and contribute to the economy for undocumented workers in the country. 4) Developing a state-of-the-art system to ensure immigration laws are enforced and obeyed: An immigration system is ineffective if immigration laws are not enforced and obeyed. But. from border security to workplace enforcement, our immigration system relies on analog tools in a digital age. A modern immigration system would leverage technology by: a. Monitoring who is in our country after they cross the border or land at port of entry, as well as who leaves the United States. b. Ensuring that workplaces obey the laws and only hire legal workers. 5) Ensuring that the immigration system is easy to understand, easy to navigate, and easy to implement: In a modern immigration system, obtaining a visa to come work, buy American products, or open a business that will hire workers would not take weeks, cost hundreds or thousands of dollars, or involve a complicated and painful bureaucratic process often involving two or more agencies. A modern immigration system would be easy to understand, easy to navigate, and easy to implement, and would ensure that: a. Tourist and employment visa applicants interact with no more than one agency to obtain a visa. b. Employers who have successfully hired foreign workers in the past be provided a fast track to processing rather than having to prove their eligibility each and every time. c. Visa applications are processed quickly and without undue expense. PARTNERSHIP FOR A NEW AMERICAN ECONOMY STEVEN A. BALLMER CEO, Microsoft Corporation RUPERT MURDOCH Chairman, CEO &Founder, News Corporation MICHAEL R. BLOOMBERG Mayor, City of New York JIM MCNERNEY Chairman, CEO & President, Boeing Co -CHAIRS JULIAN CASTRO Mayor, City of San Antonio MICHAEL NUTTER Mayor, City of Philadelphia JIM ABRANAMSON President for the Americas, InterContinental Hotels Group SAM ADAIR Founding Partner, Graham Adair JOE ADAMS Mayor, Corpus Christi, Texas SAM ADAMS Mayor, Portland, Oregon WELBORN ADAMS Mayor, Greenwood, South Carolina AMIT AHARONI Co -Founder & CEO, CruiseWise STEVEN AHLENIUS President & CEO, McAllen Chamber of Commerce MADAN AHLUIXALIA Managing Attorney, Ahluwalia Law P.C. LEE S. AINSLIE, III, Managing Partner, Maverick Capital DON ALDRIDGE CEO, AmeriMex Communications Corp SYED ALI Founder & CEO, A Second Chance Immigration Services CHARLES H. ALLISON JR. CEO, CW Biofuels SCOTT ALLISON Founder & CEO, Teamly SAM ALTMAN CEO, Loopt MEMBERS PABLO AMBRAM Co -Founder, Agent Piggy BOB IGER Chairman & CEO Walt Disney Co. ANTONIOVILLARAIGOSA Mayor, City of Los Angeles J.W. MARRIOTT, JR. Chairman & CEO, Marriott International ERNESTO ANCIRA, JR. President & CEO, Ancira Enterprises, Inc. RICHARD H. ANDERSON CEO, Delta Air. Lines, Inc. ANKIT AGARWAL President & CEO, Imbed Biosciences, Inc. BRUNO ALMEIDA Founder & Managing Director, U.S. Media Consulting TARIK ANSARI CEO & Co -Founder, Mojo LEO APOTHEKER President & CEO, Hewlett-Packard JIM ARDIS Mayor, Peoria, Illinois TIM ARMSTRONG Chairman & CEO, AOL RoHIT ARORA Founder & CEO, Biz2Credit PETER ARNOLD President & CEO, Cynthia Rowley GERARD J. 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