There is much talk of melt downs in global financial markets. The US government is busy handing out money to some of the key failures. And Malcolm Turnbull says he would like to work with Kevin Rudd on a bipartisan solution to the turmoil. So long as governments are going to take decisive measures to deal with these problems may I suggest they take a look at the option of corporate tax cuts. This would reduce the financial burden on businesses to help them offset difficulties perhaps created by counter parties going broke. It would also reward success rather than failure and unlike other measures it would create no moral hazard. What have all those budget surpluses been for if not to provide some flexibility in “difficult times” such as these?