President George H. W. Bush realized that in order to pay the government’s debt, he had to increase taxes. Hence, option A is correct.
What is the action taken by the George H. W Bush?
In the 1988 US presidential election, Bush conducted a successful campaign to unseat Democratic rival Michael and follow Reagan as president.
The world was changing during the Bush administration; military operations were conducted in Panama and the Persian Gulf, and the Berlin Wall fell in 1989 and the Soviet Union disintegrated two years later. Internally, Bush broke one of his pledges, namely, not to introduce additional taxes.
As a result, after a battle with Congress, he signed a tax hike that Congress eventually accepted. He was defeated by Bill Clinton in the 1992 election as a result of economic worries.
Thus, option A is correct.
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