Lutnick shared this ridiculous idea with NBC News on Thursday.
The Platinum Card is a $15,000 application and $5 million donation to the government for extremely wealthy immigrants looking to expedite their citizenship process. The program would allow applicants to live in the U.S. for nearly the entire year without paying taxes on foreign income.
Vice President JD Vance thinks they’ll be able to use tariff revenue to deliver their promise. (Tariff revenue would cover only a fraction of that sum.) National Economic Council Director Kevin Hassett thinks that Congress will be able to foot the bill. Either way, Lutnick and every other administration official involved has tried to explain their way out of it, or frame the promise as some galaxy-brained moment from a genius president. In reality, they are obviously covering for a desperate president willing to say and do anything to win in November.
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