one of the secrets of colorado's economic success is whenever there was a tabor surplus after paying for the senior homestead property tax exemption and we hope paying for making it portable, there was an automatic income tax cut the following year and that happened in t first two years of my administration. since we have now, thanks to the voters, permanently reduced that for the income tax rate, that mechanism is no longer active. i know that a couple, maybe a few democrats in the past have been skeptical of reducing the income tax rate. but cutting the income tax rate is the most effective way to further our economic growth. [applause] in my 2020 state of the state address, i echoed both president kennedy and president obama's calls for cutting the income tax rate, and the people of our state delivered twice, and i thank them. president kennedy did not just launch the moonshot. he delivered the largest income tax cut in the history of the u.s., saying that income taxes exert to heavy a drag on growth and reduce financial incentives for personal effort, investment, and risk taking.