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Which action did President Ronald Reagan

support to achieve economic growth?
(1) lowering taxes on corporations and
individuals
(2) increasing spending on social welfare
programs
(3) cutting defense budgets
(4) increasing the regulation of industry

User David Kim
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2 Answers

1 vote
Lowering taxes on corporations and individuals.
User Solomon Suraj
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7 votes

Answer:

1. Lowering taxes on corporations and individuals.

Step-by-step explanation:

As a conservative President, Ronald Reagan believed that the reduction of taxes would contribute to the U.S. economic growth. Therefore, at the beginning of his term, he accomplished to lower taxes to 25 percent on individuals and corporations for a three-year period, after which, he would eventually increase revenues from taxes as income levels grew.

User Andrew Burgess
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