Scott Bessent Responds to Gavin Newsom's Tax Proposal on Anti-Weaponization Fund

During a press briefing on Thursday, Treasury Secretary Scott Bessent responded to California Governor Gavin Newsom's proposal to impose a 100% tax on the nearly $1.8 billion anti-weaponization fund. Bessent stated, "There is no cure for stupid" when asked about the tax threat. Newsom announced that any California resident receiving funds from the anti-weaponization initiative would be taxed at this rate, specifically targeting payouts related to the January 6 Capitol riot. The Justice Department had previously announced the $1.776 billion fund to compensate defendants involved in the riot as part of a settlement regarding former President Trump's lawsuit against the IRS over leaked tax records. The proposal has raised bipartisan concerns, with some lawmakers labeling it a 'slush fund' for Trump’s allies and expressing worry that funds could be allocated to individuals who assaulted police during the riot. Representatives Brian Fitzpatrick (R-PA) and Tom Suozzi (D-NY) have introduced legislation to eliminate the fund. Bessent is currently serving as acting press secretary in the absence of Karoline Leavitt, who is on maternity leave.