US makes $5 billion in one day through 'golden card' program for immigrants
Photo: US Secretary of Commerce Howard Lutnick (facebook.com)
The US has launched a program to sell "golden cards," which grant permanent residency. In just one day, the government earned $5 billion, informs Financial Express, citing US Secretary of Commerce Howard Lutnick.
US Secretary of Commerce Howard Lutnick stated that each card costs $5 million. Despite the high price, 1,000 of these cards were sold in a single day, generating $5 billion for the budget.
According to forecasts from the administration of US President Donald Trump, this initiative could bring in $5 trillion if 1 million cards are sold.
In total, 37 million people worldwide are considered potential buyers who can afford such an investment.
This program is known to be an alternative to the EB-5 investor visa, which the Trump administration plans to replace. The US government says the proceeds will be directed towards reducing the national debt, which has surpassed $36 trillion.
As a reminder, at the end of last month, President Donald Trump proposed replacing the visa program for foreign investors with the so-called "golden card."
At that time, the website of the US Citizenship and Immigration Services (USCIS) noted that the EB-5 investor visa program, managed by USCIS, was established by Congress in 1990 to "stimulate the US economy through job creation and capital investment by foreign investors."
US Secretary of Commerce Howard Lutnick stated that the "EB-5 program was full of nonsense, make-believe, and fraud, and it was a way to get a green card that was low price."
