Trump Proposes $5 Million 'Gold Card' Visa to Replace EB-5 Program
President Trump reveals a new 'Gold Card' visa to grant citizenship for a $5 million investment, replacing the existing EB-5 program.
How Trump can nix the current EB-5 visa program, which was reauthorized in 2022, without Congress’ approval is unclear.
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But Trump's recent suggestion would replace the EB-5 program, and instead, the Republican president plans to propose a "gold card" visa to the tune of $5 million.
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Along with seeing this as an opportunity to draw affluent immigrants to the country who are going to create jobs, the president also expects American companies like Apple to pay the $5 million to ensure certain people can work for them.
Trump to Launch ‘Gold Card’ Visas That Would Grant Residency for $5 Million
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Investors’ visas are common around the world.
Trump says he will offer ‘gold cards’ for $5 million path to citizenship, replacing investor visas
Boston Herald·23d·Mostly ReliableThis source is generally reliable but sometimes includes opinion, propaganda, or minor inaccuracies.Leans RightThis outlet slightly leans right.Investors’ visas are common around the world.
Trump says he will offer 'gold cards' for $5 million path to citizenship, replacing investor visas
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The administration intends to use the revenue from the program to reduce the national deficit while attracting high-net-worth individuals who will contribute to the economy through investment, job creation, and tax payments.
Trump unveils $5 million ‘Gold Card’ visa program to replace EB-5
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The EB-5 program … it was full of nonsense, make-believe and fraud, and it was a way to get a green card that was low price.
Trump floats $5 million 'gold card' as a path to US citizenship
USA TODAY·23d·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.CenterThis outlet is balanced or reflects centrist views.
The EB-5 program ... it was full of nonsense, make believe and fraud, and it was a way to get a green card that was low price.
Trump floats $5 million 'gold card' as a route to U.S. citizenship
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Trump praised his idea as a means of addressing the national debt, insisting the "numbers" behind the proposal are "pretty good."
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The initiative could quickly pay down the national debt.
Trump says US will sell $5M ‘gold cards’ to foreigners: ‘Green card privileges-plus’
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The announcement came as other immigration routes expanded during the Biden administration are being curtailed, particularly for those from Central and Southern America.
Trump announces 'Gold Card' visa program costing $5 million
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Summary
President Donald Trump announced plans for a new $5 million 'Gold Card' visa for foreign investors, replacing the 35-year-old EB-5 program, which requires significant capital investments and job creation. The 'Gold Card' would provide a pathway to U.S. citizenship while maintaining the benefits of legal residency. Trump emphasized that this program aims to attract wealthy and successful individuals, potentially contributing to tax revenue and job creation. Commerce Secretary Howard Lutnick criticized the EB-5 program as flawed and fraudulent, expressing hope that the new visa scheme would benefit the U.S. economy.
Perspectives
Trump's proposed 'gold card' would replace the existing EB-5 visa with a $5 million price tag, creating a way for wealthy individuals to gain citizenship and residency.
The gold card aims to attract affluent immigrants who will contribute to the economy through investments and taxes, with projections of significant earnings for the government.
Critics express concerns about the implications of allowing wealthy individuals, including foreign oligarchs, easier access to U.S. citizenship.