Trump Proposes $5 Million 'Gold Card' Visa Program to Replace EB-5
The initiative aims to attract wealthy investors to the U.S., claiming potential to generate $5 trillion, but faces criticism for prioritizing wealth over merit.
- The 'Gold Card' visa program would grant U.S. residency and green card privileges to foreign nationals investing $5 million in American businesses.
- Donald Trump claims the program could generate $5 trillion if one million visas are sold, with revenue directed toward reducing the national debt.
- The proposal is intended to replace the EB-5 visa, which has been criticized for inefficiency and fraud, but requires Congressional approval to proceed.
- Critics argue the initiative prioritizes wealth over merit and raises concerns about fairness, feasibility, and the potential for abuse.
- Trump has suggested renaming the program the 'Trump Card' for marketability and promises strict vetting to prevent misuse, with refunds and deportation for unsuitable applicants.
MSNBC 
