Bessent slams Newsom’s 100% tax on anti-weaponization fund: ‘No cure for stupid’
Treasury Secretary Scott Bessent criticized California Governor Gavin Newsom's proposal to impose a 100% tax on the anti-weaponization fund. Newsom's plan targets payouts related to the January 6 Capitol riot, labeling them as undeserving of taxpayer support. The fund, which totals nearly $1.8 billion, has raised bipartisan concerns regarding its potential use and implications.
- ▪Treasury Secretary Scott Bessent responded to Governor Gavin Newsom's tax proposal during a press briefing.
- ▪Newsom announced that California would tax any payouts from the anti-weaponization fund at 100%.
- ▪The fund aims to compensate defendants from the January 6 Capitol riot, raising bipartisan concerns about its legitimacy.
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Treasury Secretary Scott Bessent rebuffed Gov. Gavin Newsom’s (D-CA) threat to tax the nearly $1.8 billion “anti-weaponization fund” with a simple response during a Thursday afternoon press briefing. “There is no cure for stupid,” Bessent told reporters when asked to respond to Newsom’s threat. Recommended Stories Janeese Lewis George backs safe injection sites in DC for drug use Spencer Pratt may be the answer: Joe Concha Rising gas prices are causing voters to reconsider voting for GOP: Poll The California governor and possible 2028 presidential candidate announced on Wednesday that anyone from California who accepts the funds will be taxed 100%. “If you get a payout from Trump’s January 6 slush fund, California will tax it at 100%,” he wrote on X.
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