US Presidential Elections: Key Takeaways For Immigrants And Expats
In the nail-biting race for the post of the President of the United States of America (USA), the world’s most powerful and largest democratic nation, Joe Biden of the Democratic Party succeeded to secure the majority to become the 46th US’ President. This victory has given a thunderous jolt to the incumbent President Donald Trump of the Republican Party. The results of the US presidential elections of 2020 are seemingly expected to have a far-reaching consequence in the social, economic, and geo-political spectrum of this world leader.
Implications Of The Election Results For Immigrants And Expats
The Democrats have adopted a far more liberal approach than that of the Republicans towards the issue of foreigners residing in the USA. This year too election campaigning witnessed the agenda of both legal and illegal foreign residents settled and aspiring to settle in the USA to be a top decisive factor. With Biden, winning the elections, pro-American sentiments have surged among the foreigners as the following implications are quite obvious to manifest-
- Biden, earlier this year had promised to keep the families of the immigrants and the expats unified. Consequently, those working and aspiring to settle in the USA can plan for better prospects in the American territory.
- The stock indices across different nations witnessed a major rise upon the release of the election results of the USA. Various multinational companies holding high stakes in the USA are expecting a greater and assured share of the world’s manpower in providing their services in the US market at a fairly reasonable cost. Taking advantage of the same, The Accounting And Tax Company is also bolstering its robust accounting operations and providing efficient services to its clients.
- In the light of imminent economic crisis because of the Coronavirus, the decision to suspend H-1 B visas by Donald Trump for a year to increase job opportunities for the native American citizens are expected to be called off by Joe Biden upon taking up his Presidential office in January 2021.
- Biden, who has always advocated the role of immigration in America’s economic and cultural development has promised to call off the majority of the pandemic-related deportation orders issued by Donald Trump, within 100 days of taking up his office.
- The road to securing green cards is expected to become more streamlined, effective, and easy with the imposition of more reasonable fees so that both immigrants and expats can realize their dream of securing a better future for their business, work, and family on the American soil. The Accounting And Tax Company is making the finances of the business enterprises more transparent, compliant, and robust irrespective of any racial prejudices, to make businesses easier and efficient.
This year’s US election has portrayed the radical differences between the newly elected US President, Joe Biden, and the previous President Donald Trump on various key issues such as immigration, refugees, trade, economic, and defense ties with other nations. It is speculated, Biden will undo or bring a major change in most of the decisions taken by Trump, once he takes up his office in January 2021. People, keen on settling in the USA are eyeing this as a favorable opportunity.
