Secretary of Commerce Howard Lutnick defended President Donald Trump’s proposed “gold card” visa program, touting that there were already “250,000 waiting in line” for the visa pathway that the gold card program could soon replace.
The president indicated there would be no cap on the number of gold cards issued, as he explained the federal government could sell one million.
Under Trump’s gold card visas, wealthy foreigners could invest $5 million in exchange for permanent residency.
Lutnick seemingly echoed that while explaining they could issue gold cards to all alleged 250,000 people waiting in line.
“200,000 of these gold, green cards is $1 trillion to pay down our debt and that’s why the president is doing it,” Lutnick said.
