Was breaking the “no new taxes” pledge a betrayal or an act of responsibility?
Bush accepted the 1990 budget agreement, which included tax increases, after pledging in his 1988 convention speech that he would not raise taxes. House Republicans led by Minority Whip Newt Gingrich opposed the deal, and it became a central issue in Pat Buchanan’s 1992 primary challenge.
Conservative critics
Many conservatives saw a broken promise that undermined trust in the party and conceded the argument that deficits should be closed with higher taxes rather than spending restraint.
Defenders
Defenders argue that the agreement’s spending caps and pay-as-you-go rules helped produce the budget surpluses of the late 1990s. In 2014 the John F. Kennedy Library Foundation gave Bush its Profile in Courage Award for the decision.
Sources
- George H. W. Bush: Domestic Affairs · Miller Center, University of Virginia
