President Donald Trump's touted $5 million golden visa might never actually materialize, according to a new report. Concretely, the Washington Post noted that the Trump administration has not taken any steps to introduce the legislation that would allow for the creation of the program, which Trump has promoted as a way to increase revenue for the country.
In fact, Commerce Secretary Howard Lutnick said the program could generate enough revenue to pay off the national deficit and eventually the entire U.S. debt, assuming millions of applicants. However, no applications had been received as of June, according to the report despite Trump saying that month that "thousands" of wealthy individuals were lining up to get the fast-track visa.
