Proposed Replacement of EB-5 Visa Program with 'Gold Card' Program

SOURCE www.breitbart.com
President Trump wants to replace the EB-5 visa program with a higher-cost 'gold card' program, claiming it will attract wealthy investors to the US. The program aims to sell green cards for $5 million, offering a path to citizenship. Critics argue the current EB-5 program is rife with fraud and misuse.

Key Points

  • Trump proposes a 'gold card' program to replace the EB-5 visa program
  • The 'gold card' would offer green cards and a path to citizenship for $5 million
  • Critics argue the EB-5 program is flawed and prone to abuse
  • Congress would need to pass a law for the 'gold card' program to be established

Pros

  • Attracts wealthy investors to the US
  • Generates revenue through the sale of 'gold cards'
  • Potential for job creation, tax revenue, and economic growth

Cons

  • Critics argue the current EB-5 program is full of fraud and misuse
  • Concerns about wealthier individuals gaining easier access to US citizenship
  • Uncertainty around the impact on existing immigration policies