President Donald Trump on Tuesday mentioned a $5 million “gold card” would go on sale “very, very quickly” and would function a brand new path in the direction of changing into a U.S. citizen.
“Its just like the inexperienced card, however higher and extra subtle,” Trump mentioned. “And these individuals should pay tax in our nation.”
Trump mentioned the most recent path to citizenship “will permit probably the most profitable job creating individuals from everywhere in the world to purchase a path to U.S. citizenship.”
TRUMP DECLARES ‘AMERICA IS BACK’ IN SPEECH BEFORE CONGRESS
US Vice President JD Vance, from left, US President Donald Trump, and US Home Speaker Mike Johnson, a Republican from Louisiana, throughout a joint session of Congress within the Home Chamber of the US Capitol in Washington, DC, US, on Tuesday, March 4, 2025. Donald Trump’s primetime handle Tuesday night time from Capitol Hill, billed as a chronicle of his “Renewal of the American Dream,” comes at a crucial juncture early in his second time period, as voters who elected him to deal with inflation and enhance the financial system are starting to weigh the influence of his agenda. (Kent Nishimura/Bloomberg through Getty Photographs)
The “gold card” visa can even allow wealthier college students to acquire everlasting residency within the U.S.
Trump has beforehand touted his plan earlier than to draw the world’s wealthiest to turn into U.S. residents, although it comes at a time when he’s each clamping down on unlawful migration and as universities are more and more within the highlight amid hovering faculty prices and crippling scholar loans.
Trump introduced final week that he anticipated the most recent visa possibility would go on sale within the coming weeks.
US President Donald Trump gestures as he speaks throughout an handle to a joint session of Congress on the US Capitol in Washington, DC, on March 4, 2025. (MANDEL NGAN/Pool through REUTERS)
TRUMP’S ‘GOLD CARD’ VISA COULD INVITE FRAUD, NATIONAL SECURITY RISKS: EXPERT
Particulars of the most recent visa stay unclear, however Trump mentioned it was simply one among his plans to revamp U.S. immigration insurance policies.
Following Trump’s announcement earlier this month, director of the Heritage Basis’s Border Safety and Immigration Heart, Lora Ries, warned it may invite fraud.
“Any immigration profit attracts fraud … persons are prepared to do something and say absolutely anything to come back to the U.S.,” Ries instructed Fox Information Digital.
Whereas Ries acknowledged the targets behind this system, she expressed skepticism that every one candidates might be vetted to the extent wanted to forestall the kind of fraud that exists in the same EB-5 visa program, which Trump’s gold card would substitute.
WASHINGTON, DC – MARCH 04: U.S. President Donald Trump arrives to handle a joint session of Congress on the U.S. Capitol on March 04, 2025 in Washington, DC. U.S. Speaker of the Home Mike Johnson (R-LA) and Vice President JD Vance applaud behind him. (Win McNamee/Pool through REUTERS)
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“Fraud is never detected, not to mention enforced … so it’s low danger, excessive reward to commit immigration profit fraud,” Ries mentioned, including that even Commerce Secretary Howard Lutnick admitted to the widespread fraud plaguing the EB-5 program.
“So the query is: How is that this going to be totally different,” Ries mentioned. “It raised the value from one million to five million, however how are we going to forestall the fraud? Are you simply inviting wealthier fraudsters and corrupt individuals to use this?”
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