I don’t know the details, but I’m pretty* sure that if these visa holders live in the US, this would require legislative change. Maybe APA notices and comment regs, but that works fly in the face of statutes, so that doesn’t actually hold up. 1/
Reposted from
David Frum
Trump "gold card" immigration idea is an even better deal for foreign oligarchs than it looks, because it comes with a huge tax loophole not available to US citizens or other immigrants. www.cnbc.com/2025/02/27/t...
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Look, the statute of limitations is three years from when the return is filed, longer for fraud, and it doesn’t ever start if no return is filed. So even if this were implemented this year, the first SoL expires after Trump is out of office. 2/