Trump to give $20 billion in stimulus funding to states: Axios
The President-elect is expected to announce Friday the $20.5 billion in funding for states that have been hit hardest by the Great Recession.
Trump is expected, though, to make clear that the money is intended to help with health care costs and to make up for the $1.4 trillion in additional stimulus the administration has pledged to offer.
Trump’s announcement is expected in an event he is scheduled to hold on the campaign trail.
It’s unclear what Trump will announce about a proposal that has been in the works for months, or whether he will offer any specifics.
The Trump administration has said that the stimulus package is needed to address a long-standing shortfall in health care funding.
In a statement, White House spokeswoman Sarah Huckabee Sanders said Trump has “a plan to provide relief to hard-working Americans” that includes “significant relief for the states that are experiencing the most severe financial strains.”
The White House is calling for states to apply for $3 billion in grants to expand Medicaid.
“It is important that states have the flexibility to tailor their response to their unique needs, and it is vital that the President has the resources necessary to support these states,” Sanders said.
Trump has said he will announce more details on his plans for Medicaid expansion in a speech on Tuesday, according to Axios.
The new funding will help offset the costs of expanding Medicaid and reduce the number of uninsured Americans.
Trump also is expected Thursday to announce the details of a $2.2 trillion package that includes tax cuts and spending measures that would increase the country’s debt by $1 trillion.