Daily News Article - December 17, 2014
1. What is the EB-5? Be specific.
2. How is businessman Michael Mattox using the EB-5 to raise money for the rebuilding of the Tappan Zee Bridge?
3. How could NY State Thruway officials have been unaware of Mattox’s proposal?
4. Further reporting from this article states:
“Mattox's critics contend his financing plan undermines the rationale of the EB-5 program, to use foreign money to create American jobs in private projects. ‘Giving a guy a green card for buying a bond - from a policy perspective, isn't that objectionable?’ said Henry Liebman, a competitor of Mattox's in the EB-5 immigration business in Washington. ‘If this keeps going, why would anyone do private investment? It's all going to be public infrastructure.’”
a) Do you agree with Mr. Liebman’s assertion? Explain your answer.
b) Ask a parent the same question.
5. What do you think of the government’s EB-5 visa program? (it is a good way to help the U.S., it gives an unfair way for rich foreigners to “buy” citizenship, etc.) Explain your answer.