This is not going to be fun for the real estate market - the biggest risk in buying a house is your visa renewal if you're heading into a lottery every six years. Double the risk if both spouses are on H1-Bs & you need a double income to meet mortgage.

Removing the H4 EAD and forcing H1B lottery on existing tax payers sound like the opposite of Obama's "pen & phone" policy making.

California will take a huge tax hit, which will probably force it to increase SALT (though I hope they take the SALT and rewrite it as a payroll tax directly so that the corporations can pay it directly to the state, skipping individual income & becoming deductible again).

The only mitigating factor to this is if they go in with HR 392 (has more sponsors than the votes needed) and make it apply retroactively.

There were a large number of Indians who were pro-trump[1] during the election, but I'm not sure if their support actually meant anything or not.

[1] - https://timesofindia.indiatimes.com/us-elections-2016/Hopes-...