The new plan for the $100,000 certainly changes the dynamic. For myself and a lot of American IT workers it could possibly help us but probably not because the companies will form subsidiary companies that are just an extension of what they are doing already and they will "outsource" the work to this other shop which is really just controlled by them. We see this same thing in manufacturing here. A lot of companies hire temp workers if the contract negotiations cause them to pay more. So instead of using 10% temp workers they start using 40% temp workers being paid less to do the same thing.
My views on it are very much like Tech Lead. We aren't racist and understand why Indians would want to take the opportunity but for the most part the premise that they can't find American born workers who are capable of doing the work doesn't make sense and oftentimes these companies will keep H1B workers at lower salaries because they have leverage against them and they can't really take other jobs. They are sort of stuck with those companies. The result for the American born IT workers was that the salaries didn't really go up for 20 years. Things got oversaturated and they can bring in hundreds of thousands of workers from over seas for less.
In college we had groups of 4 for our lab work. We had a solid crew with 2 Indian guys and 2 American born guys from here including myself. Hard workers for sure and we did well. One of the Indian guys stayed on an H1B and one of them went back to India.