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Trump Promotes $5 Million 'Gold Card' Visa Proposal to Reduce U.S. Debt

The proposed program aims to attract wealthy immigrants, generate $5 trillion in revenue, and replace the EB-5 visa system, but faces legal and security concerns.

A gold coaster reading "TRUMP" sits on the table in front of US President Donald Trump as he meets with Irish Prime Minister Micheal Martin in the Oval Office of the White House in Washington, DC, on March 12, 2025.
Gold Card immigration status to be renamed after Trump?

Overview

  • President Trump has proposed a $5 million 'Gold Card' visa program to replace the EB-5 immigrant investor visa, offering wealthy foreign nationals a pathway to U.S. citizenship.
  • Trump claims the program could generate $5 trillion by selling 1 million visas, with all revenue intended to reduce the national debt, currently at $36 trillion.
  • The program is framed as an 'America First' initiative, with Trump emphasizing its potential to attract job-creating immigrants and boost the U.S. economy.
  • Trump has promised strict vetting to prevent 'unsavory' individuals from obtaining the visa, with refunds and deportation for those who fail the vetting process.
  • Critics have raised concerns about potential fraud, national security risks, and legal challenges to implementing the program, which would replace a system created by Congress.