President Donald Trump's plan to convert a visa program into a high-value "Gold Card" to entice wealthy business leaders across the globe to the U.S. with a big price tag is creating "exciting times."
Visa program expert Ali Jahangiri told Newsmax's Newsline that Trump's plan to charge $5 million for the card, which would provide enhanced U.S. entry and immigration options has caused more than just a stir.
"So this is actually exciting times. It actually is a good idea if you think about that. If you take away the global taxation on people that want to come into this country, you're going to get a big number of individuals that would love to use the protections of the United States with a $5 million investment. So I think it's a great idea."
Jahangir, who publishes EB-5 Investors Magazine, said he was just at a global immigration conference in Vietnam that drew over one thousand people. Not all may qualify with a $5 million investment for the Gold Card. But he said the potential for a massive influx of money to the United States can't be denied.
Shortly after President Trump's comments about the "Gold Card" EB-5 Visa replacement, Commerce Secretary Howard Lutnick said 250,000 people had signed up wanting more information.
Jim Mishler ✉
Jim Mishler, a seasoned reporter, anchor and news director, has decades of experience covering crime, politics and environmental issues.
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