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Commerce Secretary Howard Lutnick attempts to calm concerns over Trump's 'gold card' visa pitch

1. Trump proposed a 'gold card' visa for foreign investors to gain citizenship. 2. The visa costs $5 million and aims to boost the U.S. economy. 3. 250,000 individuals await the 'gold card,' potentially generating $1.25 trillion. 4. If successful, it could reduce national debt and stimulate job growth. 5. Further details on the proposal will be released in upcoming weeks.

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FAQ

Why Bullish?

The proposal indicates a positive economic trajectory, likened to previous immigration initiatives that boosted investment and growth, enhancing Visa's business in financial transactions.

How important is it?

The importance score reflects potential economic growth impacting payment systems and increased transactions associated with foreign investment.

Why Long Term?

While immediate adjustments may not be significant, long-term investment and job creation can lead to greater transaction volumes for Visa.

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