REPORT: Wage‑Ranked H‑1B And EB‑5 Visa Auctions Could Reshape Immigration, Cut Federal Debt By $20 Trillion
Manhattan Institute|Oct 23, 2025
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A new Manhattan Institute report models 10- and 30-year fiscal and economic impacts by immigrant age, education, and visa category, finding strong surpluses from employment-based entrants (especially H‑1B/STEM) and persistent deficits from lower‑skilled flows. It argues that market mechanisms—like wage‑ranking H‑1B selections and auctioning EB‑5 visas—plus recapturing unused EB green cards would shift admissions toward higher earners and, in the institute’s scenario, lift GDP by 4.6% and cut federal debt nearly $20T over 30 years.
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