President Trump's $5 Million 'Gold Card' Immigration Proposal

President Donald Trump has proposed a new "Gold Card" immigration program, offering wealthy individuals the opportunity to obtain U.S. residency for $5 million. This initiative aims to replace the existing EB-5 visa program, which has faced criticism for

and inefficiency.

The "Gold Card" would

holders similar to those of a Green Card, providing a pathway to U.S. citizenship. President Trump believes that selling one million of these cards could generate $5 trillion, which would be used to reduce the national debt, currently at $36 trillion. ​

To ensure the

of the program, President Trump has emphasized the implementation of a strict for applicants. He stated that any individuals would be refunded and . ​

Commerce Secretary Howard Lutnick supports the initiative, highlighting the need to address issues of fraud associated with the EB-5 program. He

that the "Gold Card" program will attract respected global citizens and contribute to reducing the .