Buying their way in — cheaply

By Randall Burns

06/11/2006

Over 28,290 E2 Visas were issued last year according to the Washington Post. These visas can be obtained pretty much by anyone with $100,000 to invest in an existing US business.

Now, what is this really doing for existing US citizens? I’m sure many of the holders of E2 visas are decent, hardworking people. What I want to see here is some real analysis of how this program really benefits the American people.

At minimum, it seems to me the fees for these visas should be substantially raised. The existing fees don’t even look adequate to supervise the program. The US is running a huge trade and budget deficit-such corporate welfare should all be looked at closely.

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