Your analysis is correct, but the quote was slightly different:
"Read my lips, no new taxes"
https://en.wikipedia.org/wiki/Brandolini%27s_law?useskin=vec...
OK, obligatory joke: "How do you know a Politician is Lying?" "Her/His/Their/Its Lips are Moving!" ok, maybe 1% of a joke.....
Your analysis is correct, but the quote was slightly different:
"Read my lips, no new taxes"