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

Verified Answer :

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.