A study by a Federal Reserve economist suggests the Clinton-era repeal of the tax on the profit (capital gains) from the sale of a home: O stimulated business and increased employment more than the tax cuts proposed by President Bush. O caused home sales to increase by more than 17%. O fueled the housing bubble by providing households with too much disposable income. O caused an increase in household debt as households used second mortgages to finance spending.A panel of tax experts appointed by President Bush concluded in 2005 that: O the tax cuts proposed by President Bush would stimulate business and increase employment. O tax preferences favoring housing provided a greater incentive than necessary. O Clinton era tax cuts fueled the housing bubble by providing households with too much disposable income. O supply-side economic policies were more effective than demand-side economic policies in promoting greater production and employment