# Cato Scholar Available to Talk About “Gold Card” Visa 

During his Cabinet meeting Wednesday, President Donald Trump emphasized his idea of offering a “gold card” visa with a pathway to citizenship.

February 26, 2025 • News Releases 

During his Cabinet meeting Wednesday, President Donald Trump emphasized his idea of offering a “gold card” visa with a pathway to citizenship. It would cost $5 million and would replace a 35-year-old visa for investors.

[Alex Nowrasteh](https://www.cato.org/people/alex-nowrasteh), Cato’s vice president for economic and social policy studies, proposed a version of this idea in a policy analysis in 2019. You can read his analysis [here](https://www.cato.org/publications/policy-analysis/case-immigration-tariff-how-create-price-based-visa-category#the-design-of-the-immigration-tariff-and-gold-card). Nowrasteh recommends charging a lower price and not removing the investors visa.

If you would like to speak with Nowrasteh about this, please reach out to [mmiller@​cato.​org](mailto:mmiller@cato.org).

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