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Detailed text transcripts for TV channel - MSNBC - 20101221:08:42:00

cost of the bill by $57 million. so it actually reduces the deficit. who do we who pays for it? first, there are companies from a group of countries that bid on united states products. and they don t allow the u.s. companies to bid on products from their government and contracts from their government. we put a 2% surcharge on those. it s not the major countries of the world. they have treaties with us where our companies can bid for their government s contracts and vice versa. second, there are certain companies that abuse the h 1 b process by taking foreign workers and bringing them here and training them and sending them home. we increase the surcharge on those companies. they are foreign companies, almost exclusively. 50% of their workers have to be h1b. and third, there was a noncontroversial increase on visas for foreigners that for several years paid for travel promotion.

Detailed text transcripts for TV channel - MSNBC - 20101220:22:42:00

so it actual reduces the deficit. who do we, who pays for it? first, there are companies from a group of countries that bid on united states products and they allow the u.s. companies to bid on products. we put a 2% surcharge on those. it s not the major countries of the world. they have treaties with us where our companies can bid for their government s contracts and vice versa. second, there are certain companies that abuse the h 1 b process by taking foreign workers and training them and sending them home. we increase is surcharge on those companies. they are foreign almost exclusively. and third, there was a noncontroversial increase on visas for foreigners that for several years paid for travel promotion. we increased that by a couple of years. every one is noncontroversial.

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