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Hedge-fund billionaire Paul Singer’s decision to throw his financial weight behind the donor-class 2016 favorite, this has sparked fresh questions about Rubio’s coziness with the financial interests funding his career.
Singer was a major financial force behind the Rubio-Obama amnesty and immigration expansion push in 2013.
As Politico reported at the time, Singer “quietly go[t] involved in the fight for immigration reform, making a six-figure donation… to the National Immigration Forum”— a George Soros-backed organization that lobbied for Rubio’s legislation to issue 33 million green cards to foreign nationals in the span of a single decade
Even though Rubio’s donors stand to make an enormous profit from a surge of low-wage migrant labor, Rubio has repeatedly denied that his wealthy backers have influenced his agenda.
Perhaps one of the most widely-criticized areas of Rubio’s campaign pledge to create “A New American Economy” on migrant labor is his support for tripling the controversial H-1B visa program.
Throughout his brief time in Washington—noted primarily for pushing the La Raza and Obama-backed amnesty bill through the Senate—Rubio has co-authored two pieces of legislaton that would massively expand the wage-depressing H-1B visa program used to replace American workers in white-collar jobs. His most recent bill—known as I-Squared—would triple the number of H-1B visas imported into the United States despite the fact that the U.S. Census Bureau reports 3 in 4 Americans trained in Science, Technology, Engineering, and Math (STEM) are not employed in those fields. The Walt Disney Company used H-1Bs to lay off hundreds of American workers and forced them to train their low-wage foreign H-1B replacements. Disney’s CEO has endorsed Rubio’s I-Squared bill.
According to open-secrets, Goldman Sachs has been one of Rubio’s biggest financial boosters. Goldman Sachs is also among the top 50 corporate users of the H-1B visa, which labor experts call an “indentured servitude” program. Microsoft is the second largest contributor,Microsoft is the 12th biggest user of the H-1B program, having brought in 1,048 foreign workers on H-1Bs in 2013. Last year, Microsoft announced its plans to lay off 18,000 workers at the same time the company was lobbying to increase the H-1B program
Ellison gave $3 million to the pro-Rubio super PAC. In June, Ellison hosted a $2,700 per-person fundraiser for Rubio. Oracle is the 20th biggest users of H-1B and has endorsed Rubio’s Gang of Eight and I-Squared immigration bills.
According to the Federation for American Immigration Reform, Section 4606 of the Rubio-Obama immigration bill included a “backroom deal” that, “creates a new nonimmigrant Z visa to admit individuals who possess ‘specialized knowledge’ to perform maintenance on airlines and cruise ships” in place of American labor. Rubio’s top immigration lawyer during the Gang of Eight push was Enrique Gonzalez. Prior to working for Rubio, Gonzalez had formerly made his living, in part, by bringing foreign workers into the country on behalf of large corporations. Gonzalez had been a partner at the nation’s largest immigration firm Fragomen, where, as Bloomberg reports, “he helped Carnival, Viacom, and other companies obtain visas for their foreign workers.” Gonzalez features this Bloomberg article on his profile on Fragomen’s website.
In a recent piece in New York Magazine, Jonathan Chait writes that Rubio is the candidate best positioned to enact the donor-class agenda. Chait writes: “Rubio has carved out a valuable niche in the Republican field as the candidate who will carry out the agenda of the party’s donor base, but who has the identity and communication skills to sell that agenda more effectively.”
Rush Limbaugh has similarly warned that “the donor-class push” is to “get rid of Trump, and have Rubio or Jeb win the White House.”
Limbaugh predicts that, with Paul Ryan as Speaker and Rubio as President, in the “first 12-to-18 months, the donor-class agenda [will be] implemented, including amnesty and whatever else they want.”
“A New American Economy” on migrant labor