Boss
Take a Memo:
There is no empirical evidence that higher income taxes produce lower revenues unless those tax rates are at extremely high levels, at least here in America. We are not as those levels. In fact, all the empirical evidence concludes that cutting income taxes underneath those levels reduces tax revenues. Greg Mankiw, former chair of the Council of Economic Advisors under Bush, concluded that for every $1 reduction in income taxes, income tax revenue declines by 83 cents. Changes in income tax rates alters the marginal amount of tax revenue on a given unit of income, but it doesn't change the directionality.
However, there is a fair amount of empirical evidence that cutting corporate taxes increases total tax revenue. Same with cutting royalties on natural resources.
I don't know about economic advisers under Bush. I go by the actual Treasury Department data of actual tax revenues received in a given year. You can look this information up online, it's not hard to find. taxpolicy.org is a good resource, all the tables are there going way back. You can look at any year when taxes were lowered and you'll see we increased tax revenues.
I will say this, the Bush tax cuts were not as effective in increasing tax revenues because of two important factors. One, they decreased tax rates across the board and two, they didn't broaden the tax base. They still eventually produced a revenue increase but it took a few years.