U.S. President Donald Trump delivered an important policy speech to Congress at 9:00 PM local time on February 28 (10:00 AM on March 1, Beijing time). This was his first address to Congress since taking office. Trump began by summarizing his primary work and achievements during his first month in office, and provided an in-depth explanation and plan regarding the issues he is currently most concerned about, such as immigration reform and tax reform. The key themes of Trump's speech are summarized as follows:
Combating Illegal Immigration to Promote U.S. Employment and Security
Trump called on both Democrats and Republicans to "work together" to advance immigration reform. He stated that by improving immigration laws, "we will raise wages, help the unemployed, save billions of dollars, and make our communities safer."
He said that the United States has been committed to improving its immigration vetting procedures. He indicated that new measures will soon be taken to protect U.S. security and to keep out those who pose a threat to the United States.
Boosting the U.S. Economy Through Significant Tax Cuts
In his speech, Trump emphasized that the core principles of his administration are: "Buy American and hire American." Therefore, revitalizing the economy was one of the focal points of his address.
He stated that to achieve domestic and international goals, the engine of the U.S. economy must be reignited. Currently, his economic team is developing a historic tax reform plan to lower corporate tax rates to provide competitiveness, while simultaneously providing massive tax relief for the middle class.
At present, some Republican lawmakers are urging Trump to provide more details on his policy plans. It is believed that details regarding Trump's new immigration reform, tax reform, as well as other policies such as healthcare reform and the defense budget, will be released soon.
【WorldWay Reminder】 2017 Brings Favorable Conditions for EB-5 Investment
In 2017, China is set to join the CRS. However, the United States, as the primary "capital magnet" nation, has not only refrained from joining the CRS but is also implementing significant tax cuts. Coupled with the Federal Reserve's interest rate hikes, the rapid appreciation of the U.S. dollar, and the depreciation of the RMB, it is foreseeable that increasing holdings of U.S. dollar assets and investing in EB-5 immigration will present an excellent opportunity.
In particular, the stricter immigration policies implemented since Trump took office have significantly narrowed the pathways to obtaining U.S. Green Card status. Since the current $500,000 legal EB-5 investment immigration policy is set to see price increases or termination after April 28, it is necessary to accelerate the pace of immigrating to the United States.
The "2017 Year of U.S. Investment" theme proposed by WorldWay Group has already attracted widespread attention from the industry and investors, and the timing for investing in the United States is optimal. In response to Trump's new immigration policies, WorldWay has selected high-quality U.S. investment immigration projects, launching approved premium EB-5 projects such as the Pendry San Diego and the DLJ Four Seasons Resort.
Investors interested in immigration to the United States should act as soon as possible to select WorldWay's approved projects and complete their investments promptly to race against policy changes and time. For immigration to the United States or further immigration inquiries, please call: 400-138-2929.