Scott Bessent blasts Newsom's tax on anti-weaponization fund
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.
TL;DR
- California Governor Gavin Newsom plans to tax any Californian who accepts money from the nearly $1.8 billion "anti-weaponization fund" at 100%.
- Treasury Secretary Scott Bessent dismissed Newsom's threat, stating, "There is no cure for stupid."
- The "anti-weaponization fund" is intended to compensate Jan. 6 Capitol riot defendants.
- The fund has drawn bipartisan criticism, with some calling it a "slush fund" and others concerned about payouts to individuals who assaulted police officers.
- Legislation has been introduced to eliminate the fund.