After H1B Visa, Trump administration wants to block 'Startup Visas'

The Trump administration said it plans to rescind an Obama-era program that would allow foreign entrepreneurs who launch startup companies in the U.S. to live in the country, in the president’s latest effort to constrict immigration flows.

Known as the International Entrepreneur Rule and favored by many in the technology industry, the program would allow non-U.S. citizens who launched companies that won $100,000 in government grants or received $250,000 in venture capital investment to stay in the U.S. for a renewable 30-month term. Finalized in the last days of the Obama administration, it was set to take effect July 17.

But the Trump administration on Monday announced it would delay the program until next March as the Department of Homeland Security launches an additional review of the so-called "startup visa." A notice the department issued indicates that in the interim the administration will propose rescinding the program.

"Big mistake," Steve Case, founder of America Online and now chief executive officer of the Revolution LLC investment fund, said in a Twitter statement. "Immigrant entrepreneurs are job makers, not job takers."

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In order to make America great again, we must go backwards to discourage job creators, innovators, and people who start up new businesses.