U.S. President Donald Trump took his most extensive step yet toward overhauling the U.S. legal migration system, with a pair of proclamations that explicitly favor the wealthiest of the world’s prospective expat workers.
Trump on Friday slapped a $100,000 application fee on the widely used H-1B visa program, a move that would drastically increase the cost of visas heavily coveted by some of America’s largest companies seeking to bring in skilled workers from abroad.
The president also unveiled a "Trump Gold Card” visa program — where for the price of $1 million, individuals could get U.S. residency. Businesses could buy residency permits for $2 million per employee, while a new platinum-level card set to be issued soon would cost $5 million and allow the holder to come to the U.S. for up to 270 days a year without being subject to U.S. taxes on non-U.S. income.
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