At Westonci.ca, we provide reliable answers to your questions from a community of experts. Start exploring today! Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts.


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.

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.