Trump Administration Plans H-1B Overhaul and ‘Gold Card’ for Wealthy Investors
The United States is preparing a major shift in its immigration policies, focusing on H-1B visas and green cards. Commerce Secretary Howard Lutnick confirmed that the Trump administration intends to replace the lottery-based system with a merit- and wage-based approach. At the same time, a new “Gold Card” program is under discussion, offering permanent residency to foreigners who invest at least $5 million in the US.
Wage-Based H-1B Visas
The current H-1B lottery system is being criticized for prioritizing chance over merit. Secretary Lutnick stated that the reforms aim to attract skilled professionals who can contribute to the US economy. Under the proposed changes, higher-earning applicants will be prioritized, ensuring that the most qualified individuals are selected.
President Trump highlighted the importance of bringing in top talent to strengthen industries and create opportunities across the country. While he previously criticized the H-1B system for replacing American workers, the current reforms focus on skill and economic contribution.
The Gold Card Program
A central component of the proposed reforms is the “Gold Card” initiative. It would grant permanent residency to foreigners investing a minimum of $5 million in the United States. With an estimated 250,000 potential applicants, the program could attract as much as $1.25 trillion in investment, providing a new route for wealthy and highly skilled immigrants.
Impact on Indian Professionals
Indian nationals currently make up more than 70% of H-1B visa recipients. The proposed changes could have significant implications for professionals and companies relying on Indian talent. While prioritizing high-wage earners may benefit some sectors, critics warn that it could also push US companies toward outsourcing or remote hiring in India.
Conclusion
The Trump administration’s proposed changes signal a clear shift toward attracting highly skilled and wealthy immigrants. While the reforms are still in the early stages, the focus on wage-based selection and investment-driven residency could reshape the H-1B and green card landscape, particularly for Indian professionals.