The Trump administration announced a new visa program after implementing H-1B restrictions. Commerce Secretary Howard Lutnick revealed the Trump Gold Card initiative through social media posts on Saturday. Individual applicants must pay one million dollars while corporations face a two million dollar fee for employee sponsorship. The Department of Homeland Security will conduct thorough background checks on all participants. Processing costs add an additional fifteen thousand dollars to application expenses.
President Trump compared the program to athletic recruitment bonuses during Friday remarks. The initiative targets highly educated individuals who typically leave America after completing studies at top universities. Officials plan to eliminate the diversity lottery system through this replacement program. The administration expects the Gold Card to generate over one hundred billion dollars in federal revenue. Lutnick emphasized that participants will create American jobs rather than compete for existing positions.
President Trump compared the program to athletic recruitment bonuses during Friday remarks. The initiative targets highly educated individuals who typically leave America after completing studies at top universities. Officials plan to eliminate the diversity lottery system through this replacement program. The administration expects the Gold Card to generate over one hundred billion dollars in federal revenue. Lutnick emphasized that participants will create American jobs rather than compete for existing positions.
