3 sources·Politics

Trump Proposes $5 Million Gold Card for Wealthy Immigrants Amidst Tax Cuts and Trade Concerns

Donald Trump announces a 'Gold Card' program for foreign investors offering US residency for $5 million, replacing the EB-5 visa, amidst tax reforms and trade tensions.

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  1. Donald Trump's Gold Visa plan could run into problems

    However, the Gold Card visa scheme has been scrapped by a number of countries in recent years.

    Donald Trump's Gold Visa plan could run into problems

    NewsweekNewsweek·2M
    Mostly Reliable
    This source is generally reliable but sometimes includes opinion, propaganda, or minor inaccuracies.
    ·
    Center
    This outlet is balanced or reflects centrist views.
  2. Want to live in the US? Trump says invest $5M for a 'gold card'

    Trump's latest proposal is not without precedent, as similar programs exist in the United Arab Emirates, the Caribbean, and, more recently, New Zealand.

    Want to live in the US? Trump says invest $5M for a 'gold card'

    Business InsiderBusiness Insider·2M
    Reliable
    This source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.
    ·
    Center
    This outlet is balanced or reflects centrist views.
  3. Trump to Offer ‘Gold Card’ Visas for $5 Million

    Tesla is feeling the wrath of the anti-Elon Musk backlash with some drivers opting to abandon the brand they used to feel pride in.

    Trump to Offer ‘Gold Card’ Visas for $5 Million

    BloombergBloomberg·2M
    Reliable
    This source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.
    ·
    Center
    This outlet is balanced or reflects centrist views.
  1. Newsweek
  2. Business Insider
  3. Bloomberg
Updated: Feb 26th, 2025, 12:39 PM ET

Summary

A summary of the key points of this story verified across multiple sources.

President Trump introduced a 'Gold Card' program allowing wealthy foreigners to obtain US residency for a $5 million investment, set to replace the EB-5 visa. This initiative could generate significant revenue but faces scrutiny over attracting criminals, as similar schemes have been revoked in other countries. Alongside this, House Republicans advanced a budget blueprint for substantial tax cuts, raising concerns about its implications for safety-net programs. Tesla continues to face challenges due to backlash against Elon Musk's political actions, contributing to a decline in sales and brand loyalty among some consumers.

Perspectives

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  • Trump's 'gold card' proposal offers a $5 million investment path for wealthy foreigners to U.S. residency, replacing the EB-5 visa program.

  • House Republicans advanced a budget blueprint proposing significant tax cuts and safety-net program cuts, moving closer to Trump's tax agenda.

  • Concerns surround the 'gold card' potentially attracting criminals, though experts suggest the U.S. might not face significant issues due to its status in immigration.

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Trump Proposes $5 Million Gold Card for Wealthy Immigrants Amidst Tax Cuts and Trade Concerns - Pano News