Scott Bessent Just Ended Gavin Newsom’s Entire Argument Over Proposed 100% Tax on Trump Anti-Weaponization Payouts in Five Words California Governor Gavin Newsom proposed a 100% tax on Californians receiving payouts from President Trump’s anti-weaponization compensation fund. Treasury Secretary Scott Bessent responded to this plan by stating, “There’s no cure for STUPID.” The fund was established as part of a settlement in Trump’s lawsuit against the IRS over the leaking of his tax returns.

• Governor Gavin Newsom announced a plan to impose a 100% tax on Californians receiving funds from President Trump’s anti-weaponization compensation fund.
• Treasury Secretary Scott Bessent responded to Newsom’s proposal with the statement, “There’s no cure for STUPID.”
• The Anti-Weaponization Fund was created as part of a settlement in Trump’s lawsuit against the IRS concerning the leaking of his tax returns.
• Newsom referred to the fund as a “slush fund” and vowed to tax any proceeds received by Californians.