Trump broadcasts USD 1 million “Gold Card” visa program for residency | Agency-feeds News

Representational picture (Image: News18)

Washington, DC [US] September 20 (ANI): US President Donald Trump signed an government order for a ‘Gold Card’ visa programme with charges set at USD 1 million for people and USD 2 million for companies.“We assume it’s going to be very profitable… It’s going to lift billions of {dollars}, which can cut back taxes, repay debt, and do different good issues,” Trump mentioned as he signed the manager order. United States Secretary of Commerce, Howard Lutnick, famous that by the gold card plan, the US will solely enable “extraordinary folks on the very prime” to return to the US who can create enterprise and jobs for Americans. Lutnick referred to as the employment-based inexperienced card programme “illogical”, noting that below that programme, the nation was taking in “backside quartile” individuals who earned solely USD 66,000 a 12 months. “Historically, the employment-based inexperienced card programme led in 2,81,000 folks a 12 months. And these folks, on common, earned $66,000 a 12 months, and so they had been 5 occasions extra more likely to go on authorities help programmes. So we had been taking within the backside quartile, beneath the common American. It was illogical. The solely nation on the earth that was taking within the backside quartile,” Lutnick mentioned. “We are going to cease doing that. We’re going to solely take extraordinary folks on the very prime, as an alternative of these making an attempt to take jobs from Americans. They’re going to create companies and create jobs for Americans. And this programme will increase greater than $100 billion for the Treasury of the United States of America,” he added. White House Staff Secretary Will Scharf emphasised the US dedication to stopping unlawful immigration and opening pathways for individuals who can contribute to the US. “A serious focus of your Administration has been shifting the dialog and shifting the coverage dynamics across the concern of immigration, closing the border, stopping unlawful immigration, but additionally, as is the case with the manager order in entrance of you, opening new pathways methods for actually extraordinary folks to return contribute to America as an alternative of taking away from it,” Will Scharf mentioned. “So this government order is entitled the Gold Card. It will arrange a brand new visa pathway for foreigners of extraordinary skill who’re dedicated to supporting the United States, for a fee of $1 million to the US Treasury, or if an organization is sponsoring them, $2 million by that company,” he added. Additionally, Trump issued a proclamation imposing a USD 100,000 payment on H-1B visa functions.The motion goals to curb the overuse of this system, permitting corporations to herald solely “extremely expert” employees from different international locations. The Trump administration believes that this transfer will create and shield jobs for US employees.The H-1B is a non-immigrant visa which permits US-based corporations to rent and make use of international employees for speciality jobs like science, expertise, engineering, arithmetic (STEM), and IT (High expertise and a minimum of a bachelor’s diploma).United States Secretary of Commerce, Howard Lutnick, mentioned, “The complete thought is that no extra will these large tech corporations or different large corporations practice international employees. They need to pay the federal government $100,000, then they need to pay the worker. So it’s simply not financial. If you’re going to coach any person, you’re going to coach one of many current graduates from one of many nice universities throughout our land, practice Americans, cease bringing in folks to take our jobs. That’s the coverage right here. All of the large corporations are on board.” (ANI)