Carter, a Democrat from Georgia, took office after defeating incumbent Republican President Gerald Ford in the 1976 presidential election. His presidency ended with his defeat in the 1980 presidential election by Republican nominee Ronald Reagan. On taking office, Carter proposed an economic stimulus package that would give each citizen a $50 tax rebate, cut corporate taxes by $900 million, and increase spending on public works. The limited spending involved in the package reflected Carter's fiscal conservatism, as he was more concerned with avoiding inflation and balancing the budget than addressing unemployment. The limited spending involved in the package reflected Carter's fiscal conservatism, as he was more concerned with avoiding inflation and balancing the budget than addressing unemployment. Carter's resistance to higher federal spending drew attacks from many members of his own party, who wanted to lower the unemployment rate through federal public works projects. 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.
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