GHW Bush followed Reagan as president, winning election in 1988 over Michael Dukakis. His presidency focused on international affairs like reducing arms with the Soviet Union and the first Gulf War against Iraq. However, he broke his promise of "no new taxes" and the economy declined, contributing to his loss in 1992 to Bill Clinton. Clinton raised taxes on the wealthy and passed NAFTA. He oversaw a growing economy but was impeached in 1998 over the Monica Lewinsky scandal.