What was President Reagan's initial strategy to fix the lagging U.S.economy?

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President Reagan's initial strategy to fix the lagging U.S. economy was to introduce a massive tax cut. This was known as the Economic Recovery Tax Act of 1981, which aimed to stimulate economic growth by reducing income tax rates for individuals, businesses, and investments. The rationale behind this strategy was that by reducing taxes, individuals and businesses would have more disposable income and resources to invest in the economy, creating jobs and increasing economic activity.

What Was President Reagan's Initial Strategy to Fix the Lagging