The Supreme Court Just Demolished Another Unconstitutional Gun Control Law in Historic Rul...
Trump Just Obliterated the Number One Lie Leftists Are Telling About Iran Deal
Is California Reaching Critical Mass?
This Appeals Court Just Buried Another Unconstitutional Gun Control Law
Gas Prices Plummeting After Trump Signs Iran Deal
The Obama Presidential Center's Opening Ceremony Was a Complete Mess
Hezbollah Must Be Addressed, As Attacks Continue to Rain Down on Israel
Benjamin Netanyahu Vows to Keep Israeli Security Forces in Lebanon
The Trump Administration Says They Are No Longer Concerned About Iranian Ballistic Missile...
JD Vance Filled in for Karoline Leavitt Again. Here's What He Had to...
Los Angeles Is Poised to Let Illegal Aliens Vote in City Elections
15 Charged in Alleged $1.4 Million Massachusetts Benefit Fraud Scheme
You Won't Believe This Hollywood Star's Double Standard on Free Speech
Democrat Mamdani Affiliate Arrested for Alleged Connection to $38 Million Medicaid Scam
It Looks Like Europe's Parliament Has Finally Had Enough of Illegal Immigration
Tipsheet

Bessent Takes Aim at Newsom's 100 Percent Tax Proposal. Here's What He Said.

Bessent Takes Aim at Newsom's 100 Percent Tax Proposal. Here's What He Said.
AP Photo/Mark Schiefelbein

Treasury Secretary Scott Bessent criticized Gov. Gavin Newsom’s (D-CA) proposal to 100 percent tax all funds received by California from the Justice Department’s “anti-weaponization fund.”

Advertisement

“There's no cure for stupid,” Bessent told a Wall Street Journal reporter while leading the White House press briefing on Thursday afternoon.

Newsom’s office quickly responded, as a spokesperson told Townhall that “Slow Scott would know.”

The Democrat said this week that “anyone from California who receives any of those funds, we want to tax 100 percent of those proceeds.”

“And that’s an action the state of California can take. It’s an action we look forward to taking,” he said. Similar proposals are being floated in New York and Connecticut.

"I just introduced the Anti-Insurrectionist Act in NY. It's simple: If you're a New Yorker who takes from Trump's illegal January 6th slush fund, NY will tax 100% of it," Assemblymember Alex Bores (D-NY) posted on Tuesday.

Advertisement

The Justice Department announced an over-$1.776 billion fund on May 18 in the aftermath of a settlement in a lawsuit between the president and the Internal Revenue Service.

“The machinery of government should never be weaponized against any American, and it is this Department’s intention to make right the wrongs that were previously done while ensuring this never happens again,” Acting Attorney General Todd Blanche said in a statement at the time. 

“As part of this settlement, we are setting up a lawful process for victims of lawfare and weaponization to be heard and seek redress,” Blanche added.

Lawsuits have now been filed against the fund, which the Trump administration says will help people who have been victims of political targeting by the federal government.

Virginia Kase Solomón, President and CEO of the left-wing group Common Cause, said in a May 22 statement opposing the fund that “Trump wants to take your hard-earned tax dollars and hand it over to criminals, cronies, and insurrectionists who assaulted police officers in his name.”

Advertisement

“It’s unconscionable, and more importantly, it’s illegal. We’re suing to protect hardworking Americans and ensure public money goes towards making our lives more affordable, not paying out the president’s political allies,” Solomón continued.

The White House says that the fund is for anyone, regardless of their political affiliation.

“Any American—Democrat, Republican, Independent or apolitical—can file claims with the Anti-Weaponization Fund, which are then reviewed by a committee of five,” the White House’s rapid response account posted last week.

Editor's Note: Do you enjoy Townhall's conservative reporting that takes on the radical left and woke media? Support our work so that we can continue to bring you the truth.

Join Townhall VIP and use promo code FIGHT to receive 60% off your membership.

Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos

Advertisement
Advertisement
Advertisement