Trump administration's 'gold card' visa for wealthy immigrants

SOURCE www.foxnews.com
Former acting ICE director discusses Trump administration's plan to offer a 'gold card' visa for wealthy immigrants, providing a path to U.S. citizenship for $5 million. Experts suggest the program could bring in job creators, consumers, and revenue for the U.S. economy.

Key Points

  • Program similar to 'citizenship by investment' in other countries
  • Trump administration aims to replace EB-5 Immigrant Investor visa program
  • Proposed $5 million investment would make the U.S. program the most expensive
  • Potential for $5 trillion revenue with 1 million 'gold card' recipients

Pros

  • Bringing in wealthier individuals who are job creators and consumers
  • Potential to generate significant revenue for the U.S. Treasury
  • Could lead to job growth, job creation, and increased consumer spending

Cons

  • Critics fear potential abuse of the program
  • Concerns about national security threats
  • Uncertainty about the effectiveness of vetting procedures