Pres. Donald Trump sets up a $5 billion fund as he signed the business proposal between TikTok, Walmart, and Oracle. Pres. Trump asked the fund from the companies.

Pres. Donald Trump
Reutersconnect

Pres. Donald Trump is taking all possible ways to fund sectors and groups who need financial support. This time, he asked the companies such as TikTok, Walmart, and Oracle to commit $5 billion to fund the country's education sector.

Pres. Trump asked the favor to create an education initiative that teaches children America's "real history," according to a published report in USA Today. He also made this action while waiting for the second round of stimulus payment that includes funding for schools.

Before Pres. Trump left the White House for a campaign rally in North Carolina on Saturday, he did first mention the funding. He said, "We're going to be setting up a very large fund for the education of American youth," and he also told the reporters how he conceptually signed the TikTok venture in the country.

He also asserted that he asked the companies to fund $5 billion that will be funded for education. "That'll be great. That's their contribution that I've been asking for," Trump added. The fund he asked the companies will help the education sector in the country amid the pandemic.

Meanwhile, there are no details yet how the $5 billion will be distributed, but for sure, part of it will protect the teachers and students against the infectious and deadly COVID-19. The fund will probably be used for additional Personal Protective Equipment and COVID-19 tests, aside from venturing into teaching the students about the country's real history.

Moreover, Pres. Trump shared later that evening and laid out more details surrounding how the proposed education commitment unfolded during his campaign speech in Fayetteville, North Carolina. Pres. Trump has been very vocal in showing interest in giving more relief aids.

In his campaign speech, he shared that he told the companies and said "do me a favor, could you put up $5 billion into a fund for education, so we can educate people as to the real history of our country. The real history, not fake history."

Moreover, the approval of Pres. Trump will not only fund the education sector in the country, but this will also help to employ more than 25,000 people. The President also said that the newly hired individuals are more likely to be headquartered in Texas.

Pres. Trump made the announcement abound the $5 billion funding for education centered on teaching real history to students after he slammed the New York Times Magazine's 1619 Project curriculum, which reframes the way American history and slavery is taught in schools.

He said, "The left has warped, distorted, and defiled the American story with deceptions, falsehoods, and lies. There is no better example than the New York Times' totally discredited 1619 Project," Pres. Trump added that the project rewrites "American history to teach our children that we were founded on the principle of oppression, not freedom."

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