Home Business Trump’s $5 Million ‘Gold Card’ Visa Might Never Happen

Trump’s $5 Million ‘Gold Card’ Visa Might Never Happen

Since February, the Trump administration has been touting a $5 million visa to wealthy foreigners to get into the United States with lofty promises of an immediate rollout. Aboard Air Force One in April, President Donald Trump flashed a laminated, golden prototype to reporters and announced that it would become available “in about less than two weeks,” while the White House launched a website in June to sign people up to join a waiting list.

But in reality, any Trump gold visas are a long way off — if they can ever be implemented at all.

Trump and his aides have repeatedly exaggerated the likelihood that such a program can be implemented under current law, and they have made no effort to introduce legislation to make it happen. Immigration attorneys and other legal experts say a president has no power to unilaterally create a new visa category, which would require an act of Congress.

The gold card visa exemplifies a striking contrast in the Trump administration’s immigration stance, which is focused primarily on championing aggressive restrictions and deportations while proposing a fast track for the ultra-wealthy. Critics have argued that the proposal would turn access to the U.S. into a commodity for sale and reflects a transactional approach to immigration out of step with American values.

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