The Modern Era. Bush, Clinton, and the 90s. President George H.W. Bush:. Connecticut Family Director of the CIA VP to Reagan Elected President in 1988. Pres. George H.W. Bush pledged to continue Reagan’s policies with his famous promise, “Read my lips. No new taxes.”.
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Bush, Clinton, and the 90s
However, by 1990, the economy was in a recession, forcing Bush to raise taxes.