President Donald Trump has promised to be a business mogul, but that doesn’t mean he can’t also turn a mere $200,000 into a billion dollar company.
A couple weeks ago, Trump announced a new business plan that would allow entrepreneurs to turn $1 million into a company worth $200 billion.
The president is expected to make the announcement on Wednesday at a rally in New Hampshire.
The event is being billed as the first of several he will hold across the country this week.
Trump said in an interview with CNBC that he wanted to be “the most entrepreneurial president ever,” and said that his new plan would help the country move toward that goal.
“I’m a businessman, I want to be able to be the most entrepreneurial presidency ever,” Trump said.
“So this is not only an opportunity for us, it’s a chance for us to do it.”
Trump has touted his plan as a blueprint for the next era of economic growth, one that would include “creating millions of jobs” in the United States, helping companies raise wages, and creating a “national economy” that would provide “great opportunities for every American.”
The plan also calls for “great” taxes on businesses, as well as for a “massive infrastructure investment.”
But the president is also facing opposition in some quarters, especially from business leaders.
In an interview Tuesday with Bloomberg Politics, Democratic Rep. Elijah Cummings of Maryland criticized Trump’s plan as “insane” and a “huge risk,” as it would put American workers and taxpayers at risk.
Trump has also repeatedly said that he believes in free trade, which would likely cause the United Nations to raise tariffs on American goods.
In an email to reporters on Wednesday, Cummings also said that Trump’s proposal would be “disastrous for America” and “would put our national security at risk.”