Trump gold card visa proposal offers US citizenship for $5M investment, but experts question its financial and legal feasibility.
Trump Gold Card Visa
The gold card visa would require legislative approval. Immigration lawyers argue that only Congress can create a new visa category. Similar immigration reforms by past presidents have faced legal roadblocks.
Effect on the Program for EB-5
According to Trump’s suggestion, the current EB-5 investment visa should be replaced. However, since Congress created the EB-5 program, any modifications would need legislative action. Experts believe it’s unlikely that Congress would eliminate EB-5, which has brought substantial investment into the US economy.
Concerns about the Economy and Ethics
Opponents contend that the idea favors the affluent over competent workers by establishing a pay-to-play system. Others worry about national security risks, as minimal details have been provided on applicant vetting.
The Bottom Line
Trump’s plan for a gold card visa has drawn attention, but experts say there are political, legal, and financial challenges. The initiative could have a hard time becoming a reality without the backing of Congress.
Source: CNN
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