According to Bennett's proposal, Israel would annex parts of the West Bank where many settlers live and subject the annexed areas to full IDF military control.
"I favor implementation of Israeli sovereignty over the zone where 400,000 (settlers) live and only 70,000 Arabs, " said Bennett, the head of the far-right Jewish Home religious party in the ruling coalition.
Bennett also commented on Israeli-Palestinian peace talks Sunday, calling the process nothing but a "joke" due to the fact that Gaza's leadership is not included within the Palestinian negotiation.
"This is all a joke. It's as if we're discussing the purchase of a car with only half of its owners," Bennett said.
Bennett's comments contradict US Secretary of State John Kerry's commentary to reporters Friday  that "we are closer than we have been in years to bringing about the peace and the prosperity and the security that all of the people of this region deserve."