President Donald Trump signed an executive order on Friday officially creating the ‘Gold’ and ‘Platinum’ cards for heavy-pocketed immigrants wanting to get into the country.

The ‘Gold’ card will cost $1 million, and the ‘Platinum’ card will cost $5 million.

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Trump previously pitched the gold card as a replacement for the EB-5 visa program.

The president believes the program will bring in more than $100 billion for the Treasury Department. He says the funds will be used “for cutting taxes and paying down debt.”

Commerce Secretary Howard Lutnick said the new

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