Carter signed several measures designed to address unemployment in 1977, including an extension of the Comprehensive Employment and Training Act, but he continued to focus primarily on reducing deficits and inflation. In November 1978, Carter signed the Revenue Act of 1978, an $18.7 billion tax cut.Federal budget deficits throughout Carter's term remained at around the $70 billion level reached in 1976, but as a percentage of GDP the deficits fell from 4% when he took office to 2.5% in the 1980–81 fiscal year.
$70 billion
$70 billion