Full Breakdown
Trump's Gold Card Visa Program: A Slow Start
4/24/2026, 11:24:20 AM
Overview of the Gold Card Visa Program
President Donald Trump's "gold card" visa program, launched in December 2025, allows foreign nationals to pay at least $1 million to legally live and work in the United States. The initiative aims to attract foreign talent and generate significant revenue for the federal government, with Commerce Secretary Howard Lutnick stating that the program could potentially raise $1 trillion to help address the national budget deficit, which currently stands at approximately $31.3 trillion.
Current Status and Approval Rates
As of April 2026, only one gold card visa has been approved, despite earlier claims by Lutnick that the program had generated $1.3 billion in value shortly after its launch. During a congressional hearing, Lutnick acknowledged that while only one visa has been granted, "there are hundreds in the queue that they are going through," emphasizing the program's early phase and the need for "rigorous vetting" of applicants.
Application Process and Fees
The application process requires a $15,000 fee in addition to the $1 million investment, which is intended to facilitate thorough background checks. Corporations can also participate by spending $2 million for each foreign employee they sponsor, along with a 1% annual maintenance fee. The program is designed to replace the EB-5 visa program, which similarly granted residency to individuals investing in U.S. businesses.
Promotional Aspects and Future Plans
The gold card program is marketed through a government website featuring Trump's image alongside national symbols, promoting the idea of "Unlock life in America." Additionally, a forthcoming "Trump Platinum Card" is advertised at $5 million, allowing holders to stay in the U.S. for up to 270 days without being taxed on non-U.S. income.
Criticism and Opposition
The program has faced scrutiny and legal challenges. Critics argue that it prioritizes wealth over merit, with lawsuits filed by immigrant groups and watchdog organizations. These groups contend that the program resembles "million-dollar Mar-a-Lago memberships," raising concerns about its implications for immigration policy.
Official Statements and Future Implications
When questioned about the use of funds raised through the program, Lutnick stated, "That will be determined by the administration, and its terms are for the betterment of the United States of America." The gold card visa concept is not unique to the U.S., as many countries, including the United Kingdom, Spain, Greece, and Canada, have similar programs aimed at attracting wealthy individuals.
Verbatim Quotes
- “They've just set it up, and they wanted to make sure they did it perfectly.” — Howard Lutnick, Commerce Secretary
- “That will be determined by the administration, and its terms are for the betterment of the United States of America.” — Howard Lutnick, Commerce Secretary
- “essentially it's the green card on steroids.” — Donald Trump, President
The gold card visa program's slow start raises questions about its effectiveness and the administration's ability to attract foreign investment, as it navigates the complexities of immigration policy and economic needs.
