President Donald Trump said Tuesday that he will replace a controversial visa program for foreign investors with a new initiative to sell $5 million “gold cards” to wealthy individuals looking for a path to U.S. citizenship.
The Gold Card is a premium version of a Green Card, according to Trump, and will provide immigrants with a pathway to citizenship.
“We’re gonna be selling a gold card. You have a green card, this is a gold card. We’re gonna be putting a price on that card of about $5 million and that’s gonna give you green card privileges plus…”
“It’s gonna be a route to citizenship. And wealthy people will be coming into our country by buying this card.”
“They’ll be wealthy and they’ll be successful and they’ll be spending a lot of money and paying a lot of taxes and employing a lot of people.”
Trump announced the program would launch in two weeks, adding that he did not think his administration needed to secure approval from Congress. However, details regarding how the program would be implemented remain unclear.
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