one woman one of whom now joins us as luck would have it last felt as an economist at the university of auckland joins us now from our parliamentary studios mr felt the economy is humming along nicely the finance minister sitting on a pile of surplus tax income unemployment is low you say taxes must drop but how realistic is that. well first of all it depends what type of tax cut is planned by the newly forming government when there. would be a reduction of the income tax schedule they need the lender in the winter. to agree with that so it might not or be not be easy to achieve then but in general i must say what is the top priority in an open and a few is continuing with sound fiscal policies the way for tax cuts is not as large as the projected surplus budget surplus of the general government indicates so structurally speaking when you take all the business cycle effects out and make cyclical adjustments the only way for tax cuts is much lower and the priority then must be so to speak as a second priority after a sound fiscal policy is to come up with tax reforms that increase the potential o