It has been a matter of faith for the Republican Party for at least 30 years that tax cuts for the rich are the answer to every possible economic problem. While the evidence has never supported this theory, the GOP has never really paid a political price for it. The fate of the Truss government, however, suggests that the times could be changing. Will the GOP learn anything from her example?
Probably not. I think the next two years will be marked more by culture wars and assaults on liberal democracy than battles over tax cuts, but don’t expect the GOP to change its spots that quickly.