In fact, Bush was responding to rising budget deficits and national debt, and his need to compromise with Democrats on a solution. He signed a bill in 1990 which called for higher taxes, mostly on the wealthy, by raising the maximum income tax rate from 28 percent to 31 percent. This increase paid big dividends for the nation and for President Clinton who, with the help of the 1990 tax increase, was able to record budget surpluses for the last two years of his presidency. Bush’s wise judgment, however, was not passed down to his son, President George W. Bush, who proceeded to undo the work of his father and Clinton by cutting taxes, twice. As a result, our nation’s annual budget deficit and cumulative debt have grown out of control.