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Trump's $5M Visa Sparks Controversy Over Wealthy Immigrants

6/2/2025

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Summary

Story summary

President Trump has unveiled a controversial $5 million "Gold Card" visa, set to replace the EB-5 program. This new initiative enables affluent foreigners to secure U.S. residency without the obligation to create jobs. Critics warn it favors wealth over talent, risking America's competitive edge, while legal battles loom over its launch without congressional backing.

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Story summary

President Trump has unveiled a controversial $5 million "Gold Card" visa, set to replace the EB-5 program. This new initiative enables affluent foreigners to secure U.S. residency without the obligation to create jobs. Critics warn it favors wealth over talent, risking America's competitive edge, while legal battles loom over its launch without congressional backing.