President Donald J. Trump said that a new “gold card” visa will soon be unveiled that would give wealthy foreign investors a “route to citizenship” for a hefty price, one more example of his innovative thinking.
The nation’s 47th president unveiled the outside-of-the-box solution while talking with reporters in the Oval Office where was joined by Commerce Secretary Howard Lutnick and HHS Secretary Robert F. Kennedy Jr. on Tuesday afternoon.
“We’re going to be selling a gold card,” Trump explained. “You have a green card. This is a gold card. We’re going to be putting a price on that card of about $5 million and that’s going to give you green card privileges, plus it’s going to be a route to citizenship. And wealthy people will be coming into our country by buying this card.”
President Trump announces the U.S. will replace the EB-5 program with a new “Gold Card.”
“They’ll be able to pay $5 million to the U.S. government. They’ll have to go through vetting, of course … The President can give them a green card — and they can invest in America and we… pic.twitter.com/xcJntSkHtm
— Rapid Response 47 (@RapidResponse47) February 25, 2025
“They’ll be wealthy and they’ll be successful, and they’ll be spending a lot of money and paying a lot of taxes and employing a lot of people, and we think it’s going to be extremely successful,” Trump said.
The “gold card” would replace the existing EB-5 program which was created in 1990 to “stimulate the US economy through job creation and capital investment by foreign investors,” U.S. Citizenship and Immigration Services (USCIS) states on its website.
Lutnick said that the EB-5 program is “full of nonsense, make-believe and fraud.”
“It was a way to get a green card that was low price,” the commerce secretary told reporters. “So the president said, rather than having this sort of ridiculous EB-5 program, we’re going to end the EB-5 program. We’re going to replace it with the Trump gold card.”
Trump’s idea to introduce the new “gold card” was praised by X users.
Trump is now offering an immigration “Gold Card” for $5,000,000!
Not green card but gold card.
I LOVE it.
— Patrick Bet-David (@patrickbetdavid) February 26, 2025
Once again, Trump is the expert of thinking of things we had no idea we could do.
Now, he’s offering to sell U.S. “gold cards” to wealthy foreigners for $5,000,000 in return for entry into the U.S.
If just 200 rich people take this, that’s $1 BILLION.pic.twitter.com/Vtssqu0de7
— George (@BehizyTweets) February 25, 2025
Not going to lie. This seems like a brilliant idea.
— Matt Williams (@MattsTechWorld) February 26, 2025
Such a great idea. Let’s allow very successful folks here and create revenue as well.
— Alisha Nasse (@AlishaNasse) February 26, 2025
President Trump’s “gold card” idea is an interesting way to encourage wealthy individuals to invest in the US, potentially bringing in jobs and tax revenue
— James malsawm (@EmailCopyJames) February 26, 2025
That’s an absolutely brilliant idea. I keep getting more and more impressed with our President everyday. I knew he was a badass but this first 5 weeks has been mindblowing.
— Josh (@JoshRol14712298) February 25, 2025
One reporter chasing social media clout invoked the newly resuscitated Russiagate zombie hoax with a “gotcha” question on whether the program could be used by Russian oligarchs to gain access to the U.S. system.
“Yeah, possibly,” Trump replied. “Hey, I know some Russian oligarchs that are very nice people.”
According to Fox Business, “More information about the ‘gold card’ is expected to come in the next few weeks. Other countries have similar visas: the United Kingdom offers a Tier 1 (Investor) visa, which allows a path to citizenship for foreign nationals willing to invest five to 10 million pounds.”
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