US Has Already Made $1.3B From Trump’s Gold Card
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The United States has already brought in $1.3 billion from the Trump Gold Cards, according to Commerce Secretary Howard Lutnick.
The money is going towards reducing the government debt.
The Washington Times reported:
The U.S. has made $1.3 billion so far from the sale of immigration gold cards, Commerce Secretary Howard Lutnick said.
President Trump held up a gold card Friday in the Roosevelt Room while hosting a White House event on drug pricing. He said all the money will go “toward reducing debt.”
“It’s the Green Card on steroids, and it’s a pathway, and it’s been an amazing thing,” Mr. Trump said.
There are three separate options for the cards – Trump Gold Card, Trump Platinum Card, and Trump Corporate Gold Card.
The Gold Card scheme promises US residency in “record time” and will require a $1m fee which is “evidence that the individual will substantially benefit the United States”, the programme’s website said.
Businesses sponsoring employees are required to pay $2m, along with additional fees. A “platinum” version of the card that offers special tax breaks will also be available soon for $5m, the website said.
Extra fees to the government may be charged depending on each applicant’s circumstances, the site said. Individuals are also required to pay a non-refundable $15,000 processing fee before their application is reviewed.
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There are three options for cards: an individual Trump Gold Card, an individual Trump Platinum Card that still says “coming soon,” and the Trump Corporate Gold Card.
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