Trump Golden Visa Decree: 1 Million Dollar Residence Permit

here’s a breakdown of the key data ⁤from the provided text, focusing on Donald Trump‘s⁤ proposed changes to ⁤US visa programs:

1. “Golden Card” ‌for Exceptional ⁣Individuals:

*⁤ cost: $1 million⁤ (individual payment) or $2 million (company sponsorship).
* Benefit: Accelerated visa processing.
* Target: Individuals with “exceptional qualities.”

2. Increased Fees for Tech Visas​ (H-1B):

* New Fee: $100,000 annually.
* Visa Type: H-1B visas (for skilled ⁣workers in ‍fields like science, engineering, and computer programming).
* ‌ Current System: H-1B visas are temporary (3​ years initially, extendable to 6) and require employer sponsorship.
* ‍ Trump’s Goal: To​ limit these visas and prioritize American workers.
* Rationale‌ (according to Commerce Minister ⁤Howard Litnick): To discourage companies from training foreign‍ workers instead of hiring americans. ‌The claim is that companies are⁤ already “leaving” due ⁢to this policy direction.
* Additional Cost: If companies ⁢ do use foreign workers,they will have to pay ‌the $100,000 fee.

In essence, Trump is proposing a two-tiered system: a very expensive fast track for​ those deemed “exceptional” and substantially increased costs for standard tech visas, with the stated aim of protecting American jobs.