WASHINGTON: United States of America President Donald Trump has announced plans to launch a “gold card” for foreign nationals worth about $5 million, a program that would also offer a path to citizenship.
The program, which will launch in two weeks, will replace the current “EB-5” immigrant investor visa.
Speaking to reporters in the Oval Office, Trump said: “You have a green card, it’s a gold card.” Green card holders are permanent residents of the United States but not citizens.
“It’s going to give you the benefits of a green card and it’s going to be a path to (US) citizenship,” the president explained.
“It’s going to be people with money,” Trump said, without noting any need to create jobs.
The program is intended to reduce the national deficit and create more jobs in the country, as he has suggested the government could reduce the deficit by selling 10 million visas.
The new immigration plan was unveiled as the Trump administration has launched a crackdown on undocumented immigrants.
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