“GHWB lost re-election because he violated a campaign promise. “Read my lips...” “
That and that buffoon Ross Perot siphoning off 19% of the vote.
And the people who wanted him permanently removed from political office for deciding to leave Iraq in the hands of Saddam Hussein.
The meme that he lost the election over taxes never stood up to even the most cursory scrutiny. That was a notion promoted by the neocons because the rejection of HW was a direct rejection of their policy of eternal foreign wars.