US President Donald Trump has announced plans to launch a new “Gold Card” visa program designed to attract affluent foreign nationals to the United States. Set to debut in two weeks, the initiative aims to provide a pathway to permanent residency for what Trump described as “very high-level people.”
The program would replace the existing EB-5 immigrant investor visa and could cost applicants up to $5 million, with Trump suggesting that revenue generated could help reduce the national deficit.
“It’s going to be a route to citizenship, and wealthy people will come into our country by buying this card. They’ll be wealthy, and they’ll be successful, and they’ll be spending a lot of money and paying a lot of taxes,” Trump stated during a press briefing on Tuesday.
Commerce Secretary Howard Lutnick, who referred to the initiative as the “Trump Gold Card,” criticized the current EB-5 program as being “full of nonsense, make-believe and fraud.” Lutnick emphasized that all Gold Card applicants would undergo thorough vetting procedures.
Madukwe B. Nwabuisi is an accomplished journalist renown for his fearless reporting style and extensive expertise in the field. He is an investigative journalist, who has established himself as a kamikaze reporter.
