Trade Minister Howard Lootnick claimed that the “Gold Card” initiative for the Donald Trump administration – with the introduction of US permanent residence for $ 5 million for the card – has already witnessed a great milestone, as 1000 cards were sold in one day. This 5 billion dollar increase represents the first success of the program, which aims to raise $ 5 trillion by selling one million cards to wealthy investors.
The Gold Card, designed to replace the current EB-5 investor visa, cancel the requirements for creating job opportunities and provide a fast-track accommodation. President Donald Trump believes that the program will attract wealthy individuals who will enhance the economy through spending, investment and taxes.
“There are 37 million people in the world who are able to buy the card … the president believes that we can sell a million people,” Lottenic told the newspaper “End Collete”, expressing her confidence in the success of the program in the long run. The initiative has already gave birth to global attention, as Lutnick revealed, “Yesterday I sold a thousand.” The program’s funds aim to reduce the American national debt, which is currently $ 36.2 trillion.
To simplify applications, Elon Musk is said to develop a dedicated software platform, which is expected to be launched within two weeks. Meanwhile, Trump is considering renaming the initiative as the “Trump Card” to enhance its attractiveness. “My people want to call it the Trump card because the Trump card sells much better than the gold card.”
Although the gold card program is already working, it still requires Congress approval for full implementation. However, with a collection of $ 5 billion in one day, the Trump team sees that it changes a game for American economic immigration and policy.
https://akm-img-a-in.tosshub.com/businesstoday/images/story/202503/67e1142cb54d2-trump-pitches-5m-gold-card-for-citizenship–calling-it-better-and-more-sophisticated-241327113-16×9.jpeg
Source link