Trump champions $5 million ‘gold card’ as the new path to citizenship

President Donald Trump made a groundbreaking announcement on Tuesday, revealing plans for a new $5 million “gold card” that would pave the way for individuals to obtain U.S. citizenship. Trump described the gold card as a more advanced version of the traditional green card, emphasizing that holders would be required to pay taxes in the United States.

During his address, Trump highlighted that the gold card would provide a unique opportunity for successful individuals from around the world to purchase a path to U.S. citizenship. This initiative aims to attract job creators and entrepreneurs who can contribute to the American economy and society.

The gold card visa is also expected to open doors for wealthy students seeking permanent residency in the U.S. This move comes at a time when universities are facing scrutiny over rising tuition costs and student loan debt, providing an alternative pathway for affluent individuals to pursue education and opportunities in the country.

While details of the new visa program remain undisclosed, Trump expressed his commitment to revamp U.S. immigration policies through innovative measures like the gold card. However, concerns have been raised about the potential for fraud and national security risks associated with the program.

Lora Ries, director of the Heritage Foundation’s Border Security and Immigration Center, cautioned that any immigration benefit could attract fraudulent activities. She pointed out the challenges of vetting applicants thoroughly to prevent fraud, citing the existing issues within the EB-5 visa program that the gold card is set to replace.

Ries emphasized the need for stringent measures to detect and deter fraud in the new visa program. She questioned how the government plans to differentiate the gold card from previous initiatives and prevent exploitation by individuals with dishonest intentions.

As the U.S. government prepares to launch the gold card visa in the coming weeks, the nation awaits further details on the eligibility criteria and application process. Trump’s ambitious plan to introduce this innovative pathway to citizenship reflects his ongoing efforts to reform the immigration system and attract talent and investment to the United States.