Trump's $1 million 'Gold Card' fails to catch on among the world's wealthy
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- When President Donald Trump launched the "Gold Card" visa program last December, the official website promised U.S.
- The Gold Card, touted as a new kind of investment visa that would raise revenue and attract tens of thousands of overseas millionaires and billionaires to the U.S., has been dogged by delays and legal questions.
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When President Donald Trump launched the "Gold Card" visa program last December, the official website promised U.S. residency in "record time." A new court filing, however, suggests that applicants who pay $1 million for a Gold Card won't get faster visas.
The Gold Card, touted as a new kind of investment visa that would raise revenue and attract tens of thousands of overseas millionaires and billionaires to the U.S., has been dogged by delays and legal questions. In December, Commerce Secretary Howard Lutnick predicted that the government would issue 80,000 Gold Cards and raise more than $100 billion in revenue.