GOP Targets H-1B Visas, AI Red Tape in Yearly Economic Rundown

Replacing H-1B visas with a merit-based immigration system and avoiding overregulation of artificial intelligence are among the policy recommendations congressional Republicans proposed to boost labor force productivity and solidify the country’s economic trajectory.

Joint Economic Committee Chairman David Schweikert (R-Ariz.) laid out Republicans’ views in a legally required, 164-page annual Joint Economic Report set for release Thursday and first obtained by Bloomberg Government. Schweikert said the intent of the report is to paint a picture of the current US economy and “provide some paths” to stabilize the deficit going forward.

The report paints the economy as drowning in debt and ...