December 20, 2016
Let's consider the amount of money that the EB-5 (immigrant investor) program raises and the number of visas needed to sustain that flow at the current rate of about $2 billion annually. Let's do it within these contexts: A, the U.S. admits fully one million new legal migrants each year and the electorate seems reluctant to increase these numbers, to put it mildly; and B, at the same time there are forces in Congress supporting the investment program.
The key question: assuming that it is appropriate to have an EB-5 program at all (I think it should be killed) can we simultaneously continue the flow of dollars at the current rate but reduce the number of visas?
Absolutely! With a stroke of the proverbial congressional pen. Read more...