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Answered

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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

Sagot :

Lowering taxes on corporations and individuals.
Emilyadalexidn

Answer:

1. Lowering taxes on corporations and individuals.

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.

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