Which of the following is not true?
A)George H.W.Bush won reelection after agreeing to a small tax increase as part of a political compromise.
B)George W.Bush won election after claiming tax cuts would pay for themselves.
C)Ronald Reagan claimed tax cuts would spur economic gains that would increase tax revenues before the tax cuts led to significantly lower revenues.
D)After Bill Clinton raised taxes on upper income individuals to reduce federal budget deficits his party lost heavily in the following congressional elections.

Question

Quizplus · Accepted Answer

George H.W. Bush did not win reelection after agreeing to a small tax increase; he lost the 1992 presidential election to Bill Clinton. This tax increase was seen as a violation of his famous "Read my lips: no new taxes" pledge, which contributed to his loss.

Which of the Following Is Not True