President Donald Trump proposed a $5 million 'gold card' to attract wealthy foreign investors, offering expedited residency and employment opportunities in the U.S. Unlike the existing EB-5 visa requiring a $1 million investment, the new program aims to raise the investment threshold significantly while eliminating perceived fraud in the current system. Critics and supporters alike see it as an opportunity to generate revenue to support Trump's tax cuts and policies, with a promise of a simpler, quicker path to residency for investors.
Trump said Tuesday: "They'll be wealthy and they'll be successful, and they'll be spending a lot of money and paying a lot of taxes and employing a lot of people, and we think it's going to be extremely successful."
Howard Lutnick said the Trump gold card would increase the financial bar for investors from $1 million to $5 million... He said the change will happen in two weeks.
The biggest difference between the gold card and a green card is the gold card provides a much faster route to unlimited residency and the ability to work in the U.S. for these wealthy foreign investors.
Trump suggested millions of gold cards could be sold, which would raise revenue which he desperately needs to fund his enormous tax cuts and domestic agenda.
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