Very good news to hear about the heritage fund intent. I’m happy to hear that some work is being done on the resource tax. Of course, times change and, as I say, there has been quite a shift, as well, in our thinking on the resource tax that, of course, would not affect the cost of living.

The tax shifting is of interest, though. Studies show that when taxes are lowered for low and middle income people, the money is spent priming the economy and improving standards of living. The studies also show that high income earners who get tax cuts spend their money on imported goods or they put it into savings, providing only limited benefit to the community. Will the Minister commit to including a lowering of income taxes for lower and possibly middle income earners in his revenue recommendations? Mahsi.