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Trump’s Gold Card: $5 Million US Residency Plan

28 February 20251 min read
INTERNATIONAL AFFAIRSTrump’s Gold Card:$5 Million USResidency Plan28 February 2025safalsetu.com

Why in the news

Donald Trump proposed a $5 million “gold card” giving green card rights and a route to US citizenship, said to launch within two weeks.

Key facts

  • Versus EB-5: that visa needs job-creating US investment; the gold card sells residency without it.
  • Indian graduates: firms could buy cards to hire top talent from Harvard or Stanford.
  • Revenue: sales are meant to cut US debt.

Concerns

  • Alternative to H-1B; favours wealth over merit; ethical doubts.

Test yourself

1. What is the price of the proposed US gold card that gives green card privileges and a citizenship path?

The plan set the gold card at $5 million.

2. Which existing US visa programme would the gold card replace, as it requires job-creating investment?

The gold card would replace the EB-5 investor visa.

3. How is the gold card's revenue expected to be used, according to the notes on Trump's gold card plan?

Proceeds are expected to help bring down US debt.

This topic is part of Daily Current Affairs 28 February 2025 (13 topics).

All topics of the dayDay quizFebruary 2025

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