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Trump’s tax hike proposal is ‘déjà vu’ of George H. W. Bush’s ‘read my lips’ moment, experts say
Americans lambasted President George H. W. Bush for infamously vowing on stage at the 1988 Republican National Convention not to raise taxes on Americans, then supporting a tax hike as president two years later.
History could repeat itself as President Donald Trump this week signaled his support for congressional Republicans raising taxes to accomplish the ambitious goals of his «big, beautiful bill,» according to experts.
«My opponent won’t rule out raising taxes, but I will. And the Congress will push me to raise taxes, and I’ll say no. And they’ll push and I’ll say no. And they’ll push again, and I’ll say to them: ‘Read my lips: no new taxes,’» then-Vice President Bush vowed at the 1988 convention, before raising taxes two years later with the Omnibus Budget Reconciliation Act of 1990.
While acknowledging the political backlash his fellow Republican faced, Trump signaled in a Truth Social post on Friday his own willingness to raise taxes on Americans, following reports confirmed by Fox News Digital that the president is considering raising the tax rate on individuals making $2.5 million or more by 2.6%, from 37% to 39.6%.
TRUMP CONSIDERS TAX HIKE ON AMERICANS MAKING $2.5 MILLION OR MORE PER YEAR
Political experts compared President Donald Trump, right, to President George H. W. Bush after Trump signaled his support for a small tax hike. (Pool/Getty Images)
«The problem with even a ‘TINY’ tax increase for the RICH, which I and all others would graciously accept in order to help the lower and middle income workers, is that the Radical Left Democrat Lunatics would go around screaming, ‘Read my lips,’ the fabled Quote by George Bush the Elder that is said to have cost him the Election. NO, Ross Perot cost him the Election! In any event, Republicans should probably not do it, but I’m OK if they do!!!» Trump said.
WHITE HOUSE QUIETLY FLOATS MILLIONAIRE TAX HIKE PROPOSAL IN CONGRESS AS GOP LEADERS SIGNAL OPPOSITION
Ross Perot, the late billionaire Texas businessman and philanthropist, ran an independent campaign as a third-party candidate in the 1992 presidential election, winning an historic 19% of the popular vote.
As Trump suggested, the political fallout of raising taxes contributed to Bush losing re-election to President Bill Clinton in 1992. Democrats slammed Bush in campaign ads for walking back his word as conservative Republicans criticized the president for being out of step with the party’s traditional tax policies.
Former House Speaker Newt Gingrich led Republican criticism of Bush’s tax hike proposal, and Gingrich has urged Trump to stand down on raising taxes since rumors the administration was floating a small tax hike first swirled.
TRUMP’S FIRST VICE PRESIDENT URGES HIS OLD BOSS AGAINST RAISING TAXES ON WEALTHY AMERICANS
Gingrich recently told Larry Kudlow on FOX Business that Trump is a Ronald Reagan Republican, not a Bush Republican, and raising taxes would be an «act of destruction.»
«It would absolutely shatter his coalition,» Gingrich said. «It would mean the entire conservative movement would rise in rebellion, and it would mean every small business in the country would start recalculating who they are going to lay off, if they are even going to stay in business. It would make no sense at all.»
House Speaker Mike Johnson, R-La., is leading ongoing budget negotiations for Trump’s «big, beautiful bill.» (Kent Nishimura/Getty Images)
Negotiations are ongoing among House Republicans to finalize Trump’s «big, beautiful bill,» which is expected to include an extension of Trump’s 2017 tax cuts and fulfill campaign promises, including no tax on tips, overtime or Social Security.
Republican politicians and pundits have joined Gingrich’s critique of Trump’s potential tax hike, arguing Trump is repeating the same mistakes as Bush.
«[House] Speaker [Mike] Johnson and Republican members of Congress must have experienced collective déjà vu when President Trump urged Congress to raise taxes,» New England College President Wayne Lesperance, a veteran political scientist and political historian, told Fox News Digital.
«Harkening back to the infamous ‘Read my lips’ pledge made by George H. W. Bush at the 1988 GOP Convention, today’s Republicans must be nervous at the president’s change on what is a sacrosanct issue for the party — tax cuts. Interestingly, George H. W. Bush’s decision to break his pledge was surrounded by notably different circumstances,» Lesperance added.
In this Feb. 11, 1991, file photo, President George H. W. Bush talks to reporters in the Rose Garden of the White House in Washington, D.C., after meeting with top military advisors to discuss the Persian Gulf War. (AP Photo/Ron Edmonds, File)
But Lesperance reminded Republicans, who currently control the House and Senate, that Democrats could gain an edge in the 2026 midterms if tax hikes prove to be as unpopular among Republicans as they were in 1992.
«Facing a Democratically controlled Congress, Bush reneged on his pledge as a compromise to reduce the deficit and pass the 1990 budget agreement. Bush’s decision to compromise on taxes is widely credited with costing him his bid for re-election. As Speaker Johnson and Republican members of Congress look ahead to midterm elections, there must be collective worry that President Trump’s shifting position on taxes will cost them at the polls,» Lesperance said.
Longtime Republican consultant David Carney, a veteran of numerous GOP presidential campaigns, said the move by Bush «was probably the single most detrimental thing to his re-election.»
Then-Republican presidential candidate Donald Trump speaks during a campaign rally at Madison Square Garden in New York on Oct. 27, 2024. (Angela Weiss/AFP via Getty Images)
Carney, who served in the elder Bush’s White House and worked on his presidential campaigns, told Fox News «the deal he cut was excellent. He cut spending, balanced out the taxes.»
But Carney emphasized «all that’s inside baseball and the reality is it was a great opportunity for people from the right and the left to make hay out of it, and it was absolutely hurtful.»
However, fiscal conservatives remain optimistic that Trump won’t raise taxes, despite the president softening to the idea on social media on Friday morning.
«President Trump campaigned on not raising taxes, and we are confident that’s exactly what he’ll do,» Club for Growth President David McIntosh told Fox News Digital.
When reached for comment about the Bush comparison, the White House pointed to press secretary Karoline Leavitt’s comments during the White House briefing on Friday.
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«The president wants tax cuts, the largest tax cuts in history,» Leavitt said. «He wants to extend his historic tax cuts from 2017, and he wants to see all the other tax priorities,» including no tax on tips, overtime or Social Security.
«The president has said he himself personally would not mind paying a little bit more to help the poor and the middle class and the working class in this country. I think, frankly, that’s a very honorable position. But again, these negotiations are ongoing on Capitol Hill, and the president will weigh in when he feels necessary,» she added.
Fox News Digital’s Elizabeth Elkind contributed to this report.
Politics,Donald Trump,Taxes,Remembering George H. W. Bush
INTERNACIONAL
El crimen que horrorizó al Reino Unido: asesinó a su abuela de 96 años por una herencia y trato de encubrirlo con un incendio
Emma Finch, una mujer de 96 años que residía en el pueblo inglés de Liss, dependía de las visitas semanales de su nieto Joshua Powell para realizar sus compras y jugar partidas de Scrabble. Pero esa rutina cambió el 17 de mayo de 2024, cuando agentes de policía y bomberos acudieron a la vivienda tras la activación de una alarma de monóxido de carbono. Los equipos de emergencia encontraron el cuerpo de la señora en su dormitorio, donde se había iniciado un incendio en la cama.
Powell, de 27 años, fue arrestado como principal sospechoso días después. Aunque inicialmente afirmó no haber abandonado su domicilio, la investigación reveló imágenes de cámaras de seguridad que documentaban la presencia de su vehículo en Liss durante la madrugada del delito. El teléfono móvil del acusado, que se mantenía conectado al automóvil, presentaba también actividad en la zona durante el periodo del asesinato.
Además, según precisó People, la policía halló discrepancias en el relato de Powell sobre el acceso a la casa. Las notas en su celular mostraban el código de la caja de llaves de Finch, anotado por él semanas antes.
En tanto, elementos en la escena, como fósforos gastados diferentes a los presentes en otras áreas de la casa y un cinturón con sangre, aumentaron las sospechas.
Los exámenes forenses concluyeron que la causa de muerte había sido compresión del cuello y que no existía intoxicación por humo, lo que indica que Finch murió antes de que se produjera el incendio.
De acuerdo informó People, Powell atravesaba una situación financiera problemática y mantenía expectativas de recibir una herencia tras el fallecimiento de su abuela, según testimonios de su entorno y declaraciones incluidas en el expediente judicial.
Amistades de Powell informaron que él expresó en varias ocasiones su deseo de que su abuela muriera pronto y mencionó “una pesadilla en la que la mataba”. Estos elementos reforzaron el móvil económico y el nivel de premeditación detrás del crimen.
El avance de la investigación llevó a la acusación formal el 22 de mayo de 2024. Los peritajes ligaron a Powell con las lesiones en el cuello de Finch, el cinturón hallado en la escena y la manipulación de la caja de llaves.
Un cuchillo recuperado cerca del domicilio, idéntico al que faltaba en la casa de Finch, sumó más pruebas. Finalmente, Powell admitió su culpabilidad ante el tribunal el 16 de mayo de 2025. La justicia británica dictó una condena de prisión perpetua, con una pena mínima de 26 años antes de considerar una revisión.
Autoridades policiales evidenciaron que Powell se aprovechó de la confianza y dependencia que tenía su abuela hacia él. El caso marcó a la comunidad local por el contraste entre la relación familiar pública y la brutalidad del acto cometido.
El informe oficial resaltó la contradicción entre la actitud de Powell, que negó responsabilidad frente a la acumulación de pruebas, y las acciones homicidas que planificó. Howard Broadribb, responsable de la investigación, señaló que el caso prueba el desprecio del joven por la familia y el daño causado a los allegados de Finch.
La sentencia busca dar respuesta a los familiares de la víctima y cerrar un proceso judicial seguido por medios y comunidad. La policía recordó la importancia de monitorear las relaciones de dependencia en personas mayores y de atender signos de tensión intra-familiar, que pueden ser antecedentes de abuso o violencia.
La resolución del caso Emma Finch deja un mensaje de justicia frente a la vulnerabilidad y la traición familiar. Powell cumplirá la pena impuesta en prisión británica, sin derecho a revisión durante más de dos décadas, y el expediente se integra como antecedente en la historia judicial reciente del Reino Unido.
joshua powell, emma finch
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Chile elige presidente en un clima de polarización, con incertidumbre y un casi seguro giro a la derecha
Carteles con información para la elección de este domingo en Chile, en un centro de votación en Santiago. Foto: REUTERS 
Un afiche promociona a José Antonio Kast, en Santiago, Chile. Foto: EFEUn duelo entre la derecha
El ultraderechista libertario Johannes Kaiser busca su lugar en el balotaje en Chile. Foto: EFE 
El acto de cierre de campaña de Evelyn Matthei, este jueves en un estadio de Santiago, Chile. Foto: BLOOMBERG
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The 42nd week of his second administration was another busy one for President Donald Trump.
This week, Trump signed legislation ending the longest government shutdown in history, backed using H-1B visas to hire foreign workers, announced plans to order the Justice Department to evaluate ties between convicted sex offender Jeffrey Epstein and other U.S. figures, and issued pardons to those accused of seeking to overturn the 2020 election.
Here’s a look at what happened.
Government shutdown ends
On Wednesday evening, Trump signed legislation that the House and Senate passed earlier in the week to fund the government again, as consequences of the lapse in funding started to mount, such as missed paychecks for federal workers and airline delays due to air traffic controller staffing shortages.
The bill maintains funding for the government consistent with fiscal year 2025 spending levels through Jan. 30 to provide a window for lawmakers to nail down a longer appropriations measure for FY 2026.
The measure also allocates spending for the Supplemental Nutrition Assistance Program (SNAP), which more than 42 million Americans rely on, through September. The program supports non- or low-income individuals or families to purchase groceries on a debit card.
TRUMP CANCELS $4.9B FOREIGN AID, PUSHES DC DEATH PENALTY, TOUTS KIM TIES
President Donald Trump signed legislation that the House and Senate passed earlier in the week to fund the government again. (Mariam Zuhaib/The Associated Press)
Additionally, the measure reverses layoffs the Trump administration set into motion earlier in October, and pays employees for their absence.
Foreign worker visa criticism
Trump also conducted a sit-down interview with Fox News’ Laura Ingraham that aired both Monday and Tuesday, where he said that bringing foreign workers to the U.S. on H-1B visas is important to «bring in talent» to the U.S. After Ingraham claimed that the U.S. has talent at home, Trump disagreed.
«No, you don’t. No, you don’t. You don’t have, you don’t have certain talents, and people have to learn!» Trump said. «You can’t take people off an unemployment line and say I’m gonna put you into a factory where we’re gonna make missiles.»
LONGEST GOVERNMENT SHUTDOWN IN HISTORY NEARS LIKELY END AS HOUSE MOVES ON FUNDING BILL
H-1B visas permit U.S. companies to hire highly skilled foreign workers for up to six years.
It’s an issue that has remained controversial among MAGA supporters. Those who back the program claim it is critical to U.S. competitiveness, but opponents say that the visa holders are taking away jobs from Americans.
Trump’s statements earned him criticism from those that make up his base. Rep. Marjorie Taylor Greene, R-Ga., rebuked Trump’s statements afterward and said that she is «America First and America Only.»
«I believe in the American people,» Greene said. «I am one of you.I believe you are good, talented, creative, intelligent, hardworking, and want to achieve. I am solidly against you being replaced by foreign labor, like with H1Bs.»
TRUMP SIGNS BILL ENDING LONGEST GOVERNMENT SHUTDOWN IN US HISTORY
President Donald Trump speaks during a breakfast with Senate and House Republicans in the State Dining Room of the White House, Wednesday, Nov. 5, 2025, in Washington. (Evan Vucci/The Assocaited Press )
In response to the criticism, the White House pointed to the Trump administration’s announcement in September that would require a $100,000 annual fee for companies seeking to obtain an H-1B visa. Plus, the White House noted that the Department of Labor launched Project Firewall in September in an attempt to ensure employers don’t abuse the H-1B visa process.
Separately, Trump also defended previous statements supporting allowing up to 600,000 Chinese students to come to the U.S. in his interview with Ingraham, and asserted that they must study in the U.S. so U.S. colleges don’t «go out of business.»
Former Trump U.N. ambassador Nikki Haley said doing so would be a «massive mistake.»
«That would be a huge gift to China and a threat to the United States,» Haley said in a post on X on Thursday.
More Epstein documents
Additionally, Trump announced Friday that he would order the Justice Department and the FBI to probe financier and convicted sex offender Jeffrey Epstein’s relationship with those including former President Bill Clinton, former Treasury Secretary during the Clinton administration Larry Summers, and others.
The announcement came after both Democrats and Republicans on the House Oversight and Government Reform Committee released thousands of documents Wednesday related to Epstein — including emails where Trump was mentioned. However, the documents do not allege wrongdoing from Trump and simply show Epstein mentioning him.
«This is another Russia, Russia, Russia Scam, with all arrows pointing to the Democrats,» Trump said in a Truth Social post Friday. «Records show that these men, and many others, spent large portions of their life with Epstein, and on his ‘Island.’ Stay tuned!!!»
Portrait of American financier Jeffrey Epstein (left) and real estate developer Donald Trump as they pose together at the Mar-a-Lago estate, Palm Beach, Florida, Feb. 22, 1997. (Davidoff Studios/Getty Images)
Clinton has denied that he ever visited Epstein’s island, and wrote in his 2024 memoir «Citizen» that he wished they’d never met. A spokesperson for Summers did not respond to a request for comment from Fox News Digital.
Presidential pardons
Late Sunday, the Trump administration announced the president had issued pardons for more than 70 people accused of seeking to overturn the 2020 election results.
But presidential pardons only apply federal charges and those involved don’t have any federal charges leveled against them – meaning the move is primarily a symbolic gesture.
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Those pardoned include Trump allies like former New York City mayor and the president’s former personal lawyer, Rudy Giuliani, who claimed that the 2020 election was «stolen» from Trump. Giuliani is currently caught up in a case in Arizona where he faces state charges for election interference for those statements.
Other prominent figures pardoned include former White House chief of staff Mark Meadows and former Trump lawyer Sidney Powell.
white house,donald trump,jeffrey epstein,government shutdown,immigration
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