President Trump's 'Gold Card' Visa Proposal

SOURCE www.foxnews.com
President Trump is proposing a 'gold card' visa allowing foreign nationals to buy their way to U.S. citizenship, replacing the EB-5 investor visa program. The new visa costs $5 million and aims to address concerns of potential abuse by China.

Key Points

  • Proposed 'gold card' visa would replace the EB-5 investor visa program
  • Visa costs $5 million and allows foreign nationals to buy their way to citizenship
  • Efforts to reform the program have been ongoing due to concerns of abuse by the Chinese Communist Party

Pros

  • Addresses potential abuse by the Chinese Communist Party
  • Aims to stimulate capital investment and job creation in the U.S.

Cons

  • Critics argue it may not solve fundamental issues with the program
  • Concerns about potential fraud and misuse of the program