Read my lips: no new taxes

So, imagine you have a piggy bank where you keep your allowance money. You save money in your piggy bank, right?

Now, imagine the grown-ups who run the country have a BIG piggy bank, and they put taxes in it. Taxes are money that people and businesses have to give to the government.

Sometimes, the grown-ups who run the country want more money to do things like build roads or pay for schools. So, they might say they want to put new taxes on things like toys or candy. But sometimes, people don't like paying more money in taxes.

One time, a famous grown-up who ran the country said "read my lips: no new taxes." That meant that he promised he wouldn't make people pay more money in taxes. He wanted to keep taxes the same so people wouldn't have to give more money to the government.

So, "read my lips: no new taxes" means that a grown-up who runs the country said he wouldn't make people give more money to the government in taxes.