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Trump's "Gold Card" Immigration Plan Faces Billionaire Doubts

3/2/2025

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Summary

Story summary

President Trump unveiled a controversial "Gold Card" immigration plan, offering wealthy foreign investors a fast track to U.S. citizenship for a $5 million investment. While this initiative seeks to replace the EB-5 visa program and draw in substantial funds, many billionaires remain doubtful, pointing to tax concerns and alternative citizenship options as major hurdles.

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Story summary

President Trump unveiled a controversial "Gold Card" immigration plan, offering wealthy foreign investors a fast track to U.S. citizenship for a $5 million investment. While this initiative seeks to replace the EB-5 visa program and draw in substantial funds, many billionaires remain doubtful, pointing to tax concerns and alternative citizenship options as major hurdles.