Tax revenues drive down deficit

This I learned from the New York Times (!!!):

An unexpectedly steep rise in tax revenues from corporations and the wealthy is driving down the projected budget deficit this year, even though spending has climbed sharply because of the war in Iraq and the cost of hurricane relief.

Wait a second. According to liberal lore, lower tax rates should have resulted in lower tax revenues. Not so. The U.S. economy is the swizzle stick that stirs the drink.