> This will be incredible for Americans looking for work.

No, it won’t, jobs (especially local jobs) aren’t a fixed commodity that are going to get filled. This will kill jobs overall, and result in more of the jobs (including jobs that didn't take H-1Bs to fill but were associated with businesses that had such positions) that remain being outside of the US as a direct result, and those direct US job losses will knock-on effects that will kill even more US jobs.