Answered



President Ronald Reagan asked Congress to

lower tax rates on businesses and wealthy

individuals in order to

(1) encourage new economic investment

(2) increase exports to Asia

(3) impose limits on the money supply

(4) preserve funds for social welfare programs

Verified Answer :

President Ronald Reagan asked Congress to lower tax rates on businesses and wealthy individuals in order to "(1) encourage new economic investment" which were slowing down. 

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Answer:

In order to protect and stimulate big business, Ronald Reagan's administration asked Congress to lower federal income tax rates on businesses and wealthy individuals as one of his major economic policies, particularly to encourage new economic investments. Thereby (1.)

Explanation:

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