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Clinton's Gains-Tax Break Pumped Up Housing Bubble

Eliminating levy on profit from home sales encouraged Americans to play the market

By Clay Dillow, Newser Staff

Posted Dec 19, 2008 11:18 AM CST

(Newser) – A tax break introduced by President Clinton and made law in 1997 helped fuel the housing bubble that eventually led to the current economic crisis, the New York Times reports. The cut, which allowed owners to sell their homes without paying capital-gains taxes on profits... Read full story »

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Clinton's Gains-Tax Break Pumped Up Housing Bubble

Eliminating levy on profit from home sales encouraged Americans to play the market

real estate • Bill Clinton • capital gains tax • tax breaks • market bubble • housing bubble • financial crisis

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All Economy's Bubbles Have Burst at Once

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