President Donald Trump 's administration has announced proposals for a Platinum Card that will allow foreigners to spend up to 270 days in the U.S. without paying taxes on a non-U.S. income.

The announcement was made in tandem with plans for a Gold Card visa that offers a potential pathway to U.S. citizenship for a processing fee and $1 million contribution. The card will cost companies $2 million to sponsor an employee.

Newsweek has approached the Department of Commerce, White House and State Department for comment.

Why It Matters

The Platinum and Gold Cards have been introduced as the Trump administration cracks down on other forms of immigration, both legal and illegal. The administration has intensified immigration enforcement, such as expanding ICE operations , while also int

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