Trump announces US will replace EB-5 program with new $5 Million “Gold Card”, path to US citizenship

we’re going to be uh selling uh a gold card you have a green card this is a gold card we’re going to be putting a price on that card of about $5 million and that’s going to give you Green Card privileges plus it’s going to be a route to citizenship and wealthy people will be coming into our country by buying this C they’ll be wealthy and they’ll be successful and they’ll be spending a lot of money and paying a lot of taxes and employing a lot of people we think it’s going to be extremely successful never.

been done before or anything like this but it’s something that we’re going to be putting out over the next we just something that we’re all very excited about so it’s a gold card it’s uh somewhat like a green card but at a higher level of sophistication it’s a road to citizenship for people we’re going to be doing something else that’s got to be very uh very good we’re going to be uh selling uh a gold card you have a green card this is a gold card we’re going to be putting a price on that card.

of about $5 million and that’s going to give you Green Card privileges plus it’s going to be a route to citizenship and wealthy people will be coming into our country by buying this card they’ll be wealthy and they’ll be successful and they’ll be spending a lot of money and paying a lot of taxes and employing a lot of people and we think it’s going to be extremely successful never been done before or anything like this but it’s something that we’re going to be putting out over the next would.

you say two weeks out do you want to say a couple of words about it sure Mr President requirements for that c do you have to invest a certain amount of money in this country in order to qualify for that gold card yeah exactly so the eb5 program um was really uh you lend some money but it was all it was full of nonsense make believe and fraud and it was a way to get a green card that was low priced so the president said rather than having this sort of ridiculous eb5 program we’re going to end the eb5 program we’re going to replace it with.

the Trump Gold Card which is really a Green Card Gold so they’ll be able to pay $5 million to the US government they’ll have to go through vetting of course we’re going to make sure they’re wonderful world class Global Citizens they can come to America the president can give them a green card and they can invest in America and we can use that money to reduce our deficit why do we give out lotteries of green cards why do we give out eb5 for green cards president United States understands that the right answer is why.

don’t we eliminate the deficit of the United States of America instead the gold card the gold card well Millions but the gold card will uh bring in with it uh people that create jobs uh very high level people uh I think companies will pay to get people in for instance you today graduate from uh the Wharton School of Finance or Harvard or St Stanford or any college and uh nobody knows if you can even go to work for a company so uh apple and all these com you know companies that want to get people to be working for them will be.

Trump to Axe EB-5 Program and Introduce $5m “Gold Card”

able to buy a card and uh for the people that are number one in their class at top schools you know I see that as one of the things but generally speaking it’ll be people with money and people that create jobs and they won’t have to pay any tax on income outside of the United States which are paying right now they’re not citizens but they’ll have to pay if they create jobs in the United States they’ll pay full taxes like everybody else so you getting big taxpayers big job producers and we’ll be.

able to sell maybe a million of these cards maybe more than that and if you add up the numbers they’re pretty good as an example a million cards would be worth $5 trillion 5 trillion wow and if you sell 10 million of the cards that’s a total of $50 trillion well we have 35 trillion in debt that would be nice so we’ll see but uh it could be great maybe it will be fantastic U we have it all worked out from the legal standpoint it’s uh totally legal to do hasn’t been done before it’s been done in many.

different forms we give them away why should we give them away we shouldn’t give them away and uh I think it’s something very exciting I think it’s potentially uh just something that we’re all very excited about so it’s a gold card it’s uh somewhat like a green card but at a higher level of sophistication it’s a road to citizenship for people and essentially people of wealth or people of great talent where people of wealth pay for those people of talent to get in meaning uh companies will pay for.

Donald Trump unveils ‘gold card’ for wealthy foreigners

uh people to get in and to have long long-term status in the country and I think it’s something we’re very very happy about would you have anything to say about that well many other countries by the way do this including of course your 51st state does that and the money’s earmarked for deficit reduction uh it may be earmarked for deficit but it actually could be more money than that I mean if it if you did 10 million it would be you’d have $15 trillion left over but generally it’s going to be paid.

down debt yes do you need Congress for this do you think no we don’t need Congress no because we’re not doing citizenship we’re doing the card it’s a path it’s a path to citizenship a very strong path to citizenship but we’re not doing the citizenship for that I’d have to get Congress and would all countries be eligible for this go uh depends uh the countries largely the people will be vetted very carefully.