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In 1992, President George H. W. Bush ran for reelection as the Republican candidate against Democratic candidate Bill Clinton and independent businessman Ross Perot of Texas. Incumbent presidents are typically reelected for a second term, but President Bush faced opposition from Republicans after going back on his first presidential campaign declaration "Read my lips, no new taxes!".
The campaign competition was fierce, as Clinton's campaign was nearly wrecked after his twelve-year marital affair was made public. With these issues facing both candidates, a third candidate came to the fore: Ross Perot. Perot received 18.9 percent of the popular vote, which was the highest percentage a third-party candidate had received in eighty years. President Bush won 37.4 percent of the vote. Bill Clinton won the election with 43 percent of the popular vote, and thus ended twelve years of Republican presidency.
Levy, M. (2020, October 27). United States presidential election of 1992. Encyclopedia Britannica. https://www.britannica.com/event/United-States-presidential-election-of-...
Britannica, T. Editors of Encyclopedia (2020, November 26). George H.W. Bush. Encyclopedia Britannica. https://www.britannica.com/biography/George-H-W-Bush