George H.W. Bush made a famous campaign promise during his 1988 Republican National Convention speech, declaring 'Read my lips, no new taxes,' which became the core promise of his entire campaign. However, in 1990, facing a budget crisis, he signed a deficit reduction deal that included tax increases on luxury items and other revenues. This broken promise led to widespread voter betrayal and is widely considered by historians to have cost him the 1992 re-election, making it one of the most infamous political pledges in US history.
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George H.WAdded:
And I'm the one who will not raise taxes. George H.W. Bush literally said, "Read my lips, no new taxes."
Read my lips.
Then raised taxes. Like six famous words >> [music] >> broken. During his 1988 Republican National Convention speech, Bush declared, "Read my lips, no new taxes."
Making it the core promise of his entire campaign. Then in 1990, facing a budget crisis, he signed a deficit reduction deal that included tax increases on luxury items and other revenues.
>> [music] >> Voters absolutely felt betrayed. Many historians say that single broken promise cost him the 1992 re-election.
The line became one of the most infamous political pledges in US history.
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