Particle.news
Download on the App Store
8 ARTICLES
·
2mo ago

Trump Proposes $5 Million 'Gold Card' Visa to Balance U.S. Budget

The initiative aims to attract wealthy job creators while replacing the EB-5 visa program, but critics warn of fraud and ethical concerns.

President Donald Trump, accompanied by Commerce Secretary Howard Lutnick (L) takes a question from a reporter in the Roosevelt Room of the White House on March 3, 2025 in Washington, DC.
President Trump announced an ambitious plan to balance the federal budget for the first time in 24 years.
U.S. President Donald Trump plans to offer "gold card" visas for $5 million.

Overview

  • President Trump announced the 'Gold Card' visa, offering a $5 million pathway to U.S. citizenship for wealthy global job creators during his first address to Congress in his second term.
  • The program is designed to replace the EB-5 investor visa and aims to reduce the national debt by generating significant revenue while attracting top talent to the United States.
  • Critics have raised concerns about potential fraud and national security risks, drawing parallels to controversial 'golden visa' schemes in Europe that have been linked to corruption and abuse.
  • Trump's administration estimates that selling one million Gold Cards could generate up to $5 trillion, though experts question the feasibility of this projection.
  • The proposal has sparked debate over the ethics of selling citizenship and its potential impact on the broader immigration system and American identity.