Answer :
Final answer:
Bush's tax hikes and broken promise of 'no new taxes' hurt his chances of reelection in 1992.
Explanation:
Bush's tax hikes, which violated his campaign promise of 'no new taxes,' significantly damaged his reelection hopes. These tax increases were prompted by the mounting debt of the Reagan years and a minor recession. This move alienated many voters and contributed to his defeat in the 1992 election.
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