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Trump Unveils Controversial 'Gold Card' Residency Program

12/12/2025

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Summary

Story summary

U.S. President Donald Trump has launched the "Trump Gold Card" to expedite residency for wealthy foreigners, with a $1 million fee plus $15,000 processing.
A "Corporate Gold Card" would apply to businesses at $2 million per employee.
A planned Platinum Card would cost $5 million and permit up to 270 days in the U.S. with no tax on non-U.S. income, drawing critics and legal questions.

History

Historical Context

The Immigration Act of 1990, signed by President George H. W. Bush on November 29, increased annual immigration limits to 700,000, reflecting a shift towards family reunification and employment-based visas. This act led to over 10 million documented entries from 1991 to 2000, reshaping U.S. demographics and immigration policy, while echoing contemporary proposals like the "Trump Gold Card" initiative.

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Story summary

U.S. President Donald Trump has launched the "Trump Gold Card" to expedite residency for wealthy foreigners, with a $1 million fee plus $15,000 processing.
A "Corporate Gold Card" would apply to businesses at $2 million per employee.
A planned Platinum Card would cost $5 million and permit up to 270 days in the U.S. with no tax on non-U.S. income, drawing critics and legal questions.

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