Bessent slams Newsom’s 100% tax on anti-weaponization fund: ‘No cure for stupid’

Published May 28, 2026 3:41pm ET | Updated May 28, 2026 3:41pm ET



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.

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