Wealthy CEOs are using JFK’s words out of context to mislead Americans about tax reform

The Job Creators Network, a group of wealthy CEOs partnering with Former House Speaker Newt Gingrich to lobby for Trump’s deeply regressive tax cuts for the rich, is running a new television ad in three states this week taking President John F. Kennedy’s words out of context to suggest that tax cuts are urgent.

The ad quotes Kennedy’s 1962 remarks at the Economic Club of New York:

…Tax rates are too high today and tax revenues are too low and the soundest way to r...