Trump says $5m 'gold card' immigration idea will 'sell like crazy'
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Trump touts $5 million 'Gold Card' as 'path to citizenship' President Donald Trump has unveiled plans for selling a "gold card" visa for $5m (£3.9m) that will offer wealthy buyers permanent residency in the US and a path to citizenship. At the first cabinet meeting of his current term, Trump told reporters that the visas would function similarly to green cards, which allow immigrants of varying incomes to live and work permanently in the US, but would go to "high-level people".
AI Summary
Main Idea: President Donald Trump said he wants to sell $5 million “gold card” visas that would give wealthy foreigners U.S. residency and a path to citizenship.
Key Points:
- Trump said the visas would work like green cards but would be for “high-level people” who can pay the fee.
- He said buyers would create jobs and that the program could help pay down U.S. debt.
- Commerce Secretary Howard Lutnick said the plan would replace the EB-5 investor visa program, which gives residency to people who invest and create jobs.
- The government has not yet said how it would choose applicants, whether there would be limits, or what rules would apply.
Impact on the People
Negative Impact
The plan could make US immigration feel unfair, because rich buyers may get faster access while ordinary workers and families face the same long waiting lines.
Positive Impact
Selling high-priced visas could bring in money and, if Trump’s plan works as claimed, may create jobs and help pay down government debt.
How did each entity affect people?
Rate how each entity in this article affected the American people.
- Primary:President Donald Trumpperson
Candidate Entities3 candidates · 5 weighted vote min · 70% decision
- President Donald TrumppersonPrimaryEvaluated
Central actor announcing and promoting the $5 million Gold Card visa proposal.
Include 0 (0%)Ignore 0 (0%)5 to threshold - Commerce Secretary Howard LutnickpersonMajorAI selected
Key administration official explaining the proposal and its replacement of the EB-5 program.
Include 0 (0%)Ignore 0 (0%)5 to threshold - State Departmentgovernment agency or bodyContextCandidate
Cited for issuing EB-5 visas and providing concrete program data in the article.
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