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Howard Lutnick: “If we sold those 400,000 [green cards] a year for 5 million…”

Featuring: Howard Lutnick, Secretary of Commerce | National

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Full interview: Commerce Secretary Howard Lutnick on Trump's tariffs moves

Published | Video Starts at 27:12

Eliminate the tax on tips, tax on overtime, tax on Social Security. Drive down the tax rate of America. Sell green cards, call them gold cards. Instead of giving away 400,000 a year, did you realize If we sold those 400,000 [green cards] a year for 5 million each, you know, that's $2 trillion. every time, $2 trillion we'd have no budget deficit. We could lower taxes on America. These are the thoughts of the guy in the White House. (27:12–27:19)

CLAIM

Asserts that selling 400,000 green cards annually for $5 million each would generate $2 trillion.

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