Washington, Feb 26 (IANS) President Donald Trump on Wednesday said the proposed ‘Gold Card’ will come with a pathway for citizenship for those who buy it, tentatively priced at $5 million and that they could be on sale in two weeks.
The ‘Gold Card’ will enable American companies to buy them for prized talents they want to recruit from US universities and mentioned those from India, China and Japan and also allow wealthy foreigners to come to the US some of whom, it is presumed, will start businesses that create jobs.
“It’s sort of a Green Card Plus, and it’s a path to citizenship,” the president said in opening remarks at the first meeting of his cabinet. “We’re going to call it the gold card, and I think it’s going to be very treasured. I think it’s going to do very well. And we’re going to start selling, hopefully in about two weeks now.”
The Green Card, which grants permanent residency, also comes with a path to citizenship. And the US already has a visa programme, called the EB-5, which enables foreigners to get a Green Card against a payment of around $1 million. But the Trump administration has argued it’s badly run.
“I get calls from companies where they want to hire the number one student at a school,” the president said in remarks at the first meeting of his cabinet which was telecast live.
“People come from India, China, Japan, and lots of different places. And they go to Harvard, the Wharton School of Finance, they go to Yale, they go to all great schools, and they graduate number one in their class. And they made job offers, but the offer is immediately rescinded because you have no idea whether or not that person can stay in the country. I want to be able to have that person stay in the country. These companies can go and buy a gold card, and they can use it as a matter of recruitment. We’re going to start selling, hopefully, in about two weeks now,” he said.
President Trump sees the ‘Gold Card’ also as a tool to raise money to pay down the national debt.
–IANS
yrj/dan
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by TodayIndia.news and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of TodayIndia.news We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, TodayIndia.news takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
