Drudge Retort: The Other Side of the News
Saturday, June 17, 2017

Trump's "build the wall" immigration agenda isn't as inflexible as it seems. That hardened border has one exclusive toll booth: It's called the EB-5 visa, aka "greenbacks for green cards" -- known among global investor circles as the EZ Pass to the American Dream. Through the EB-5 program, the US Customs and Immigration Service offers about 10,000 spots annually for foreign investors to purchase at the "front of the queue," if they promise to sink $500,000 to $1 million in a US-based "development" project. The goal is to give investors priority in the green-card process as a "sweetener" in exchange for investing in commercial ventures that boost employment. But the controversial program, which has exploded since the financial crisis, has been tarnished by links to shady influence-peddling in the backrooms of Trump's real-estate empire.





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"...Trump's plans for the EB-5 program aren't all that different from past immigration policy: Access to visas has often turned on wealth and privilege, especially for immigrants who are Trump's kind of people -- wealthy investors -- and therefore "the good kind" of immigrant."

Aside from the ethical conflicts inherent in any kind of legal privilege handed to favored wealthy investors, EB-5 arguably further perverts the integrity of the immigration system by basing exemptions essentially on wealth, rather than any kind of humanitarian or social-need-based criteria.

There are signs that some EB-5 money comes through possibly corrupt or illicit business dealings abroad, suggesting that visas are used as de facto laundering schemes. Another concern is that many of the affluent Chinese investors who get the vast majority of visas do not resettle in America but instead purchase placeholder investment properties.

With so little known about where the money originates or goes, the controversies around EB-5 reflect complex dilemmas over what fair immigration policy should entail.

#1 | Posted by Doc_Sarvis at 2017-06-15 01:24 PM | Reply

The real problem is that he is saying the funds should all go to him and his family.

That is the problem.

Pay for papers.

#2 | Posted by BruceBanner at 2017-06-15 01:49 PM | Reply

All these immigrants are a problem, hurting US workers, unless they give Jared a big bag of cash.

- Little d

#3 | Posted by 726 at 2017-06-15 02:06 PM | Reply

USCIS administers the EB-5 program, created by Congress in 1990 to stimulate the U.S. economy through job creation and capital investment by foreign investors. Under a program initially enacted as a pilot in 1992, and regularly reauthorized since then, investors may also qualify for EB-5 classification by investing through regional centers designated by USCIS based on proposals for promoting economic growth. On May 5, 2017, the President signed Public Law 115-31 extending the regional center program through Sept. 30, 2017

101st Congress: Senate Majority, Democratic; House Majority, Democratic en.wikipedia.org

102nd Congress: Senate Majority, Democratic; House Majority, Democratic en.wikipedia.org

Of course, the last extension was a Republican Congress.

#4 | Posted by et_al at 2017-06-15 02:57 PM | Reply | Newsworthy 1

#4 People in the know understand this. What's your point?

This is not a bad program.

It is bad that government officials would solicit and accept payments to their own companies. Could they just take the money and not do anything with it? Just take a million in salary and be done with it?

#5 | Posted by BruceBanner at 2017-06-15 03:44 PM | Reply

Civil forfeiture all their assets if they can't prove they earned the money honestly.

#6 | Posted by bored at 2017-06-15 06:26 PM | Reply

What's your point?

Self evident to those not wearing partisan blinders. Which excludes the author of the article and the authors of the first, second and third comments.

It is bad that government officials would solicit and accept payments to their own companies.

Excluding the article's allegation regarding Kushner's sister, who is not a government official, please identify those "government officials [that] solicit and accept payments to their own companies."

#7 | Posted by et_al at 2017-06-15 07:08 PM | Reply

I'm glad Obama shut this down.

#8 | Posted by SheepleSchism at 2017-06-15 07:11 PM | Reply

#8 Is Obama still POTUS? Try to keep up.

#9 | Posted by 726 at 2017-06-16 07:45 AM | Reply | Newsworthy 1

" it didn't matter when Obama was in office but now that its Trump its bad you liberals are bat ---- crazy"

Maybe the fact someone connected to the President and making money off the connection was the difference.

#11 | Posted by Danforth at 2017-06-16 05:03 PM | Reply

Does this count as "America First"?

#12 | Posted by TFDNihilist at 2017-06-17 03:45 PM | Reply

And Sheepy, I guess the point that Trump is favoring some immigrants over others, while Obama basically was for all immigrant rights, went right over your head.

#13 | Posted by TFDNihilist at 2017-06-17 03:48 PM | Reply

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