Trump Creates $1 Million ‘Gold Card’ Visa
President Donald Trump signed a decree on Friday to establish the “gold card” visa route, where “extraordinary” foreigners can pay $ 1 million in the United States for accelerated immigrant visas.
Trump signed the order in the Oval Office accompanied by the Commerce Secretary Howard Lutnick and the Secretary of the Staff of the White House Will Scharf. While foreigners have the opportunity to pay $ 1 million in the treasury, a company can sponsor them for $ 2 million.
“One of the biggest problems we have is that people, they go in the best schools and they do very well and they get big grades, then they are thrown outside the country,” said Trump. “You are not allowed to stay.”
“In this way, a company can – a bit like a signature bonus in baseball or football – a company can make them stay in the country, and I think that will succeed,” he added.
Lutnick detailed that the employment -based green card program grants 281,000 immigrants in America each year, which earned an average of $ 66,000. He said, “They were five times more likely to follow government assistance programs.”
“So we took the lower quartile, below the average American. It was illogical, the only country in the world that took the lower quartile,” he added.
The Secretary of Commerce has expressed that holders of gold card visa will be job creators, not takers, in America.
“So what we are doing now is that we are going to stop doing this. We are only going to take extraordinary people at the top. Instead of people trying to take the jobs of the Americans, they will create companies and create jobs for the Americans,” he said, predicting the gold card more than $ 100 billion in the Treasury.
Trump also signed a proclamation on Friday to restrict the admission of “certain H-1B extraterrestrials as non-immigrant workers” by increasing the costs of expense must pay to sponsor them at $ 100,000, according to an information sheet from the White House.
“So the idea is that these large technological companies or other large companies will train foreign workers. They have to pay $ 100,000 in the government, they have to pay the employee. So it’s simply not economic,” said Larnick.
“If you are going to train someone, you will train one of the recent graduates of one of the major universities in our land. Training Americans. Stop bringing people to take our jobs,” he added.
