President Reagan tried to reduce government spending by _____________

President Reagan’s approach to reducing government spending was closely tied to his economic philosophy, often referred to as "Reaganomics." Central to this strategy was the belief that lowering taxes would stimulate economic growth by encouraging consumer spending and investment. The idea was that with more disposable income, individuals and businesses would spend more, leading to an increase in demand, production, and ultimately economic growth. This growth, in theory, would generate higher tax revenues, which would help reduce the federal deficit over time.

By lowering taxes, Reagan aimed to create a more favorable environment for economic activity, arguing that a thriving economy could lead to increased revenue without the need for higher tax rates. This policy focused on a belief in the power of the free market, where government intervention was minimized, allowing businesses to grow and create jobs.

In summary, the strategy of lowering taxes is seen as a core tenet of Reagan's attempt to manage government spending, as it sought to boost economic growth and, eventually, tax revenue. This choice reflects a broader economic ideology that advocates for stimulating the economy through tax cuts.