Source: Foreign Policy In Focus
by Ben Luongo
“Ronald Reagan’s budget director, David Stockman, spoke candidly years ago about why Republicans like tax cuts so much. In his 1986 book, The Triumph of Politics: Why the Reagan Revolution Failed, he confided that tax cuts served the purpose of creating budget deficits that could then be used to justify spending cuts on government programs. Typically, administrations only cut spending for a program if it’s no longer necessary, and the resultant surplus may then be used as a tax cut to stimulate the economy. However, Stockman turned this on its head by using the tax cuts to create a budgetary crisis that would then require cuts in spending regardless of whether the programs were necessary or not. In other words, Stockman used tax cuts to create a revenue problem that the Reagan administration could then mask as a spending problem. This is known as ‘starving the beast’.” (04/16/26)