Elon Musk's task force is working on a new immigration visa system selling special 'gold cards' for $5 million, replacing the EB-5 program, which required lower investments to grant residency. This new initiative is part of a shift in mission for Musk's Department of Government Efficiency, focusing on revenue generation instead of cost-cutting. The gold card proposal, first announced by President Trump, aims to streamline pathways to citizenship for high-level individuals and could potentially raise significant funds for the federal government, learning from the EB-5’s $4 billion success last year.
Members of Elon Musk's government-slashing task force are collaborating with various U.S. agencies to implement a system for selling special $5 million immigration visas.
The initiative, announced by President Trump, aims to replace the EB-5 visa program, which brought significant revenue via investments in U.S. job creation.
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