BREAKING: The Trump administration has just announced that sales of the controversial new immigration “Gold Card” have skyrocketed to $1.3 billion. This program offers foreign nationals and corporations a fast-track pathway to U.S. citizenship, with funds directly benefiting the U.S. Treasury.
During a White House event on December 10, 2023, President Donald Trump touted the Gold Card as a revolutionary immigration solution, stating, “It’s essentially the green card on steroids.” The funds raised from this initiative aim to significantly reduce the national debt, making it a pressing financial matter for taxpayers.
Under the Gold Card program, foreign individuals can secure U.S. residency by making a payment of $1 million plus a $15,000 processing fee. On the corporate side, firms can obtain a Gold Card for $2 million and the same processing fee, allowing them to sponsor U.S. citizenship for employees. This aspect of the program includes a unique feature: the ability to transfer citizenship privileges between employees for a 5% transfer fee, covering background checks.
The initiative has drawn comparisons to the existing EB-5 visa program, which has been in operation since 1990 and was designed to promote job creation through foreign investment. However, Commerce Secretary Howard Lutnick confirmed that the Gold Card system is intended to replace the EB-5 program, emphasizing rigorous vetting for all applicants.
This announcement comes at a crucial time as immigration policies continue to spark heated debates across the nation. The Gold Card program’s ability to generate substantial revenue while providing a streamlined pathway to citizenship is likely to capture significant attention from both supporters and critics.
With the program now live, many are eager to see how it will influence immigration trends and the U.S. economy. As this story develops, it will be essential to monitor its impact on foreign investment and the implications for aspiring immigrants.
WHAT TO WATCH NEXT: Stakeholders in the immigration sector are closely observing how this announcement will affect existing visa programs and the overall U.S. immigration landscape. Expect further updates as the program rolls out and more data becomes available.
Stay tuned for more developments on this urgent story as it unfolds.
