Trump said that ‘People who take citizenship in this way will be rich and successful. They will spend a lot of money and pay taxes here. They will also employ people. We think this plan is going to be very successful.’
US President Donald Trump has made a plan to attract investors. Under this plan, people will be offered Gold Card visa for 5 million dollars. These Gold Cards will replace America’s 35-year-old investor visa. Announcing this in the Oval Office, Trump said that ‘People who take citizenship in this way will be rich and successful. They will spend a lot of money and pay taxes here. They will also employ people. We think this plan is going to be very successful.’
Gold Card will replace EB-5 visa
US Commerce Minister Howard Lutnick said that the ‘Gold Card’ will replace the traditional EB-5 visa in two weeks. The EB-5 visa was introduced to attract foreign investment, which was approved by Congress in 1990. The EB-5 visa is for those who invest about $1 million in an American company and who employ at least 10 people. Lutnik said that the gold card will actually be a green card, or a permanent legal residence certificate. The specialty of the gold card will be that it will not be possible to commit fraud in it. The Trump government plans to sell one crore gold cards. The US Congress determines the eligibility for citizenship in the country, but Trump said that Congress’s approval will not be required for the gold card.
Musk’s company may get the contract to fix the air traffic communication system
A satellite company owned by Elon Musk may get a federal contract to fix the air traffic communication system. This contract of about $2 billion is currently with Verizon Company, but now it can be given to Musk’s company Starlink. Musk said the network used by air traffic controllers is getting old and needs drastic and immediate action to modernize it. “The Verizon system is not working and it is putting air travelers at serious risk,” Musk wrote in a post shared on X on Monday.
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