Sec. Bessent on Gov. Newsom’s Idea of a 100% State Tax on Recipients of Trump’s Anti-Weaponization Fund: ‘There’s No Cure for Stupid’

TRANSCRIPT:

BESSENT: “Last question.”

WEGMANN: “Thank you, sir. Governor Gavin Newsom has floated this idea of a 100 percent state tax on Californians who receive money from President Trump’s anti-weaponization fund. Your response to the governor’s call for [inaudible] tax?”

BESSENT: “There’s no cure for stupid. OK. OK. Thank you all.”