Trump Proposes $5M ‘Gold Card’ US Visa for Wealthy Investors

Speaking from the Oval Office, Trump explained that the sale of these exclusive gold cards would serve a dual purpose: attracting job creators to the U.S. and helping to reduce the national deficit. “We’re going to sell a gold card. If you have a green card, this is a gold card. We’re putting a price on that card at around $5 million,” Trump stated. “These people will come here, create jobs, and build companies.”

The new program is expected to appeal to affluent individuals seeking a path to U.S. citizenship, particularly entrepreneurs with substantial financial resources. Trump emphasized that these individuals would not only invest in the economy but would also contribute to job creation.

“Many people are going to want to be in this country. They’ll be able to work, provide jobs, and establish businesses,” the president continued. “It’ll be people with money.” He hinted that sales of the gold cards could begin within the next two weeks, with the potential to issue as many as one million of the cards.

Despite the high price tag, Trump assured that all applicants would undergo thorough vetting. When asked whether wealthy Russians would be eligible for the visa, Trump acknowledged the possibility. “I know some Russian oligarchs who are very nice people. It’s possible they could apply,” he said. "They're not as wealthy as they used to be, but I believe they can afford the $5 million fee."

This announcement comes amid ongoing tensions between Russia and the West, especially following the invasion of Ukraine. Trump has made headlines recently for his attempts to open negotiations with Russia, leading to speculation that he may take a more lenient approach toward Moscow.

U.S. Commerce Secretary Howard Lutnick, standing alongside Trump during the announcement, emphasized the potential fiscal benefits of the gold card program. “The funds raised from these sales can be used to reduce the national deficit,” Lutnick said.

In true Trump fashion, the president suggested that the cards might even carry his name. “Somebody asked, ‘Can we call it the Trump Gold Card?’ I said, ‘If it helps, use the name Trump,’” he added with his characteristic flair.

Critics are already questioning the ethical implications of such a proposal, particularly amid concerns about foreign influence and the prioritization of wealth over merit. However, Trump remains steadfast in his belief that the gold card initiative will benefit the U.S. economy and strengthen its global position.