Trump's Treasury Nominee Scott Bessent Will Face Tough Grilling on Tariffs, Sanctions, Soros, and More
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California’s impeccably coiffed Governor Gavin Newsom sure has been spending a lot of effort grandstanding lately. While setting himself up to run for the 2028 presidential election – you know he’s going to take a shot at it – he has managed to shovel out an impressive amount of horse squeeze. As my grandfather used to say, if dumb were dollars, he (Gavin Newsom) would be a rich man.

In one of the California governor’s latest outbursts of bad ideas, he’s threatening to withhold federal tax revenues from Washington. There are, of course, a couple of problems with that threat, chief among them being that he can’t; he has no authority and no mechanism to do so. But Treasury Secretary Scott Bessent, who has more financial acumen in his sock drawer than Gavin Newsom has between his ears, has laid out just what consequences may ensue from any such attempt. Mr. Bessent’s battle of wits with the unarmed opponent took place on X. First, Governor Newsom barked:

But the Secretary of the Treasury was quick to fire back:

SecTreas had a similar warning for California businesses:

The post concludes:

And finally, some advice:

Which again continues:

In other words, the impeccably coiffed Governor Newsom was delivered a polite beat-down by one of the smartest guys in the Trump administration. Of course, Secretary Bessent’s warnings are water off a duck’s back, but it’s a certainty that California business owners are aware of their legal obligations with the payment of collected federal tax revenues, and my guess is that the business community will overwhelmingly comply, no matter if their governor is spouting out enough hot air to challenge Mt. St. Helens.


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