"The insiders' theory - what we might call the true tax-cut theory - was memorably described by David Stockman, Ronald Reagan's budget director, as "starving the beast." Proponents of this theory argue that conservatives should seek tax cuts not because they won't create budget deficits, but because they will. Starve-the-beasters believe that budget deficits will lead to spending cuts that will eventually achieve their true aim: shrinking the government's role back to what it was under Calvin Coolidge."
^^^^^ CB: The Reaganite, ruling class strategy of attack on the working class, especially its poorest sections, through cuts to New Deal/Great Society Welfare programs because of budget deficits, created through cutting taxes on the rich ( The Laff on the working class curve), is Fascist Economics. In part, it is the betrayal aspect of the reaction back to "Coolidge" that makes it worthy of the name Fascist.
This ruling class _conscious_ strategy is not just to maximize profits today, but to do all around social, economic , psychological and physical harm to masses of the working class, to weaken them in the class struggle.