The Tax Reduction and Simplification Act of 1977 was passed by the 95th United States Congress and signed into law by President Jimmy Carter on May 23, 1977.
A tax holiday is a temporary reduction or elimination of a tax.
 It is synonymous with tax abatement, tax subsidy or tax reduction.
 Governments usually create tax holidays as incentives for business investment.
 Tax holidays have been granted by governments at national, sub-national, and local levels, and have included income, property, sales, VAT, and other taxes.
 Some tax holidays are extra-statutory concessions, where governing bodies grant a reduction in tax that is not necessarily authorized within the law.
 In developing countries, governments sometimes reduce or eliminate corporate taxes for the purpose of attracting foreign direct investment or stimulating growth in selected industries.
A Roth IRA (individual retirement account) is a retirement plan under US law that is generally not taxed, provided certain conditions are met.
 The tax law of the United States allows a tax reduction on a limited amount of savings for retirement.
 The Roth IRA's principal difference from most other tax-advantaged retirement plans is rather than granting a tax reduction for money placed into the retirement plan, the money withdrawn from the Roth IRA plan during retirement is not taxed, with some restrictions.
James Earl Carter Jr. (born October 1, 1924) is an American politician who served as the 39th President of the United States from 1977 to 1981.
 A member of the Democratic Party, he also served as the Governor of Georgia prior to his election as president.
 Carter has remained active in public life during his post-presidency, and in 2002 he was awarded the Nobel Peace Prize for his work with the Carter Center.
The United States Revenue Act of 1921 (ch.
 136, 42 Stat.
 227 , November 23, 1921) was the first Republican tax reduction following their landslide victory in the 1920 federal elections.
 New Secretary of the Treasury Andrew Mellon argued that significant tax reduction was necessary in order to spur economic expansion and restore prosperity.
The United States Revenue Act of 1964 (Pub.L.
 88–272 ), also known as the Tax Reduction Act, was a bipartisan tax cut bill signed by President Lyndon Johnson on February 26, 1964.
 Individual income tax rates were cut across the board by approximately 20%.
 In addition to individual income tax cuts, the act slightly reduced corporate tax rates and introduced a minimum standard deduction.
Tax noncompliance is a range of activities that are unfavorable to a state's tax system.
 This may include tax avoidance, which is tax reduction by legal means, and tax evasion which is the criminal non-payment of tax liabilities.
 The use of the term 'noncompliance' is used differently by different authors.
 Its most general use describes non-compliant behaviors with respect to different institutional rules resulting in what Edgar L. Feige calls unobserved economies.
 Non-compliance with fiscal rules of taxation, gives rise to unreported income and a tax gap that Feige estimates to be in the neighborhood of $500 billion annually for the United States.
The United States Excise Tax Reduction Act of 1954 temporarily extended the 1951 excise tax increases (through March 31, 1955), but also reduced excise tax rates on, among other things, telephones, admissions, and jewelry.
The United States Tax Reduction Act of 1975 provided a 10 percent rebate on 1974 tax liability ($200 cap) and created a temporary $30 general tax credit for each taxpayer and dependent.
The Student and Family Tax Simplification Act ( ) is a bill that would amend the Internal Revenue Code to consolidate several different education tax incentives into an expanded American Opportunity Tax Credit.
 The American Opportunity Tax Credit, under this legislation, would provide a maximum credit of $2,500.

Question: Was the president who signed the The Tax Reduction and Simplification Act of 1977 a Republican or Democrat?
Answer: James Earl Carter Jr. (born October 1, 1924) is an American politician who served as the 39th President of the United States from 1977 to 1981. A member of the Democratic Party,