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



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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