After the 2000 presidential election, President George W. Bush kept his campaign promise to lower taxes.
The 2000 United States presidential election was the 54th quadrennial presidential election of the States. It was held on Tuesday, November 7, 2000. Republican candidate George W. Bush, the Governor of Texas and the eldest son of the 41st President George H. W. Bush, claimed victory over Democratic nominee Al Gore, the incumbent vice president.
American presidential candidate George H. W. Bush had claimed: "Read my lips: no new taxes."