. . . . . . . . . . . . . "George H. Mahon"@en . "The Economic Stimulus Appropriations Act of 1977 was a stimulus package enacted by the 95th Congress and signed into law by President Jimmy Carter on 13 May 1977. Developed in response to the longest and deepest economic recession post World War II, the primary objective of the stimulus package was to provide the economy with a boost. The bill's rationale was based on Keynesian economic theory, providing tax reductions and increasing jobs to boost private spending, preventing the economy from any further slowdown. The approximate cost of the bill was estimated to be $20.1 billion spread across 1977 and 1978, where the act helped to create 9.3 million jobs, the largest increase in job creation for any presidency. The act was a contributing factor to stagflation, which was apparent when Carter took over the office but worsened towards the end of his term. The politics around the stimulus made the act highly controversial. The Republicans felt that the act was overcompensating, while on the left, many Democrats felt that the act was not doing enough and was not big enough. Economist Milton Friedman argued that the tax cut would have little effect on consumption and GDP."@en . "--09-30"^^ . . "House"@en . . . "Senate"@en . "Economic Stimulus Appropriations Act of 1977"@en . . "1110820159"^^ . "1977-05-04"^^ . . . . . . "326"^^ . . . "House"@en . "63"^^ . . . . . . . "Economic Stimulus Appropriation Act"@en . . . . . . . . . . . . . . . "95"^^ . . . "91"^^ . . . . . "24508"^^ . . . . . "1977-05-03"^^ . . "1977-05-13"^^ . . "1977-03-10"^^ . . "1977-05-13"^^ . "95"^^ . . . . . . . "281"^^ . . . . . . . . . . . . . . "41243870"^^ . . . "1977-05-05"^^ . . . . . . . . . . . . . "The Economic Stimulus Appropriations Act of 1977 was a stimulus package enacted by the 95th Congress and signed into law by President Jimmy Carter on 13 May 1977. Developed in response to the longest and deepest economic recession post World War II, the primary objective of the stimulus package was to provide the economy with a boost."@en . . "1977-05-02"^^ . "1977-03-15"^^ . . .