Trump's Gold Card Visa: Hype vs Reality

0:00It's April 23rd. From your city to your ears, this is Canada News Today, powered by AI. President Trump's gold card visa program lets wealthy foreigners drop $1 million or more for the right to live and work in the U.S. With A, pass to citizenship. Commerce Secretary Howard Lutnik announced Thursday that just one person has been approved so far. The program kicked off in December, and Lutnik earlier boasted about selling $1.3 billion worth in days. But at a congressional hearing, he skipped questions on why only one approval happened, saying hundreds more are in line as they perfect the process. Folks are buzzing about the gap between hype and reality, especially with U.S. debt at $31.3 trillion in deficits projected. Near $2 trillion this year, Lutnik once claimed it could raise $1 trillion to help balance the books. Applicants pay an extra $15,000 for vetting, and companies can sponsor workers for $2 million, plus a 1% yearly fee. The flashy website hypes a coming $5 million platinum version for tax

1:04perks on foreign income, and similar golden visa setups exist in places, like Canada, Spain, and Australia. Trump backed skilled immigration like this, even as he pushes deportations for the undocumented. Proceeds go toward America's betterment, as Lutnik put it, keeping eyes on this queue to see if it delivers big revenue.