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Carter (D) John Anderson (I) Other Undecided Margin Gallup [1] March 31 – April 3, 1978 46% 50% - 1% 3% 4: ABC-Harris [2] May 14–20 [a], 1978 47%: 46% - - 7% 1: Gallup [3] July 7–10, 1978 43% 52% - 1% 4% 9: Gallup [4] December 8–11, 1978 35% 57% - 2% 5% 22: ABC-Harris [5] December 21–26, 1978 38% 55% - - 7% 17: Gallup [6] March 23 ...
The credit increased from 20% or a maximum of $400 or $800 to 30% of $10,000 income or less. The 30% credit is diminished by 1% for every $2,000 of earned income up to $28,000. At $28,000, the credit for earned income was 20%.
A drop in oil production in the wake of the Iranian revolution led to an energy crisis in 1979. Although the global oil supply only decreased by approximately four percent, [2] the oil markets' reaction raised the price of crude oil drastically over the next 12 months, more than doubling it to $39.50 per barrel ($248/m 3).
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Total federal outlays averaged of 21.8% of GDP from 1981–88, versus the 1974–1980 average of 20.1% of GDP. This was the highest of any President from Carter through Obama. [86] Total federal revenues averaged 17.7% of GDP from 1981–88, versus the 1974–80 average of 17.6% of GDP. [87]
From January 21 to June 3, 1980, voters of the Democratic Party chose its nominee for president in the 1980 United States presidential election.Incumbent President Jimmy Carter was again selected as the nominee through a series of primary elections and caucuses, culminating in the 1980 Democratic National Convention, held from August 11 to 14, 1980, in New York City.
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