The old Republican theory was that tax cuts would "starve the beast," forcing lawmakers to shrink the size of government. The new theory is that deficits don't matter.
@johnarnold (X/Twitter), July 30, 2026, asserts the old Republican theory was…
Brief
John Arnold posted on X on July 30, 2026, arguing that Republican fiscal doctrine has shifted: where the party once claimed tax cuts would "starve the beast" and compel smaller government, it now treats budget deficits as unimportant, framing a clear change in the party's stance on taxation and spending.
Why it matters
@johnarnold (X/Twitter), July 30, 2026, asserts the old Republican theory was that tax cuts would "starve the beast," forcing lawmakers to shrink government.
Key details
- He contrasts that with a new Republican theory, which he states is that budget deficits "don't matter," signaling a shift in GOP fiscal rhetoric.