ITR Live Podcast

The Iowa Caucuses and Political Momentum Shifting our attention to the realm of political influence and public opinion, the conversation turns to the anticipation surrounding the state of play within the Iowa Caucuses. In this traditional kickoff to the election season, all eyes focus on which presidential hopefuls will gain momentum and which might wane. As the caucuses approached, the political landscape in Iowa seemed stable, with turnout being the decisive factor. The discussion delves into analyzing the momentum of various candidates, particularly Nikki Haley, whose comments in New Hampshire stirred controversy. Rather than resonating with grassroots voters, Haley's remarks hinted at a disparaging view of Iowa's electorate, which some might perceive as elitist. Comments or strategies that alienate voters can significantly affect a campaign, especially in such a localized, hands-on atmosphere as the caucuses. The Upcoming Iowa Legislative Session Beyond the caucuses, the Iowa General Assembly session looms, with critical legislative matters on the horizon. In addition to another round of income tax reforms, ITR will be advocating for two proposed constitutional amendments aimed at fortifying taxpayer protections. Firstly, the requirement of a two-thirds majority in both houses for increasing income tax rates stands as a safeguard for taxpayers against potential tax hikes. This measure intends to insulate taxpayers from the fickleness of changing political winds, necessitating stringent justification for any spending that could necessitate increased tax rates. Secondly, is an amendment to bolster integrity of the taxpayer relief fund, with the proposal to enshrine its use strictly for income and sales tax relief into the constitution, thus ensuring that it remains a vehicle for giving back to the taxpayers it was intended to benefit. Further strengthening Iowa's fiscal responsibility could be the entrenchment of a 99% spending limitation into the state constitution. This would serve to secure current fiscally conservative measures and make it challenging for future administrations to deviate without substantial legislative consensus. Regulatory Reform and Economic Growth The notion of regulatory reform is integral to the philosophy of ensuring sustainable and robust economic growth in Iowa. The discussion on this episode turns to to several significant advantages to be garnered from prudent regulatory reform measures. Crafting a Responsive and Efficient Regulatory Framework Iowans deserve a regulatory environment that is, above all, responsive and efficient. Regulatory sandboxes, for instance, represent innovative policy solutions that provide entrepreneurs with the opportunity to develop and test new products or services in a controlled setting. This limited regulatory relief can prove to be invaluable for the nurturing of emerging industries and the fostering of economic innovation. Occupational Licensing Reform The reform of occupational licensing represents another aspect of regulatory overhaul aimed at lowering barriers to entry in various professions. By making it easier for individuals to earn a living and encouraging entrepreneurship, the legislature has already set a precedent for fostering a more inclusive economic environment where talent and hard work are rewarded. Health Care Access and Certificate of Need Reform The debate around Certificate of Need (CON) laws in healthcare is indicative of ongoing efforts to dismantle monopolies and open up the market to competition. As highlighted, other states have seen positive results from repealing outdated CON laws, such as expanded access to health care services and reduced costs. Iowa could potentially follow suit and champion free-market principles to improve healthcare affordability and accessibility.

Universal Basic Income (UBI) is a concept that has generated considerable discussion across political and economic spectrums. In essence, **UBI** involves regular, unconditional payments made by the government to individuals, regardless of their employment status or wealth. The idea, popularized by figures such as Andrew Yang during the 2020 presidential campaign, strives to assure a minimum level of income for all, potentially replacing an array of existing social welfare programs. There is an ongoing debate about the merits and drawbacks of UBI. Proponents argue that it can help alleviate poverty, simplify government welfare schemes, and reduce the administrative overhead associated with various entitlement programs. On the other hand, critics contend that UBI could disincentivize work, lead to higher taxes, and result in inflation. Moreover, the effectiveness of UBI in reducing poverty without discouraging work has been a central point of discussion. Some local government entities in Iowa have embraced the idea of UBI and have initiated pilot programs. Central Iowa, in particular, has seen collaborations between governmental units and nonprofit organizations to test the viability of UBI. For instance, several hubs including Polk County, the cities of Des Moines, Urbandale, and Windsor Heights have pooled resources, investing around $865,000 into a UBI pilot program. Citizens in these communities are being selected to receive a few hundred dollars monthly for a period of two years. However, this approach has raised questions about transparency and the selection criteria—how are recipients chosen, and by what standards? While the pilot programs aim to eliminate subjective biases by keeping the selection process "blind," this lack of clarity has caused unease among residents who contribute through taxes but have limited visibility into the allocation of funds. The debate around the federal regulations concerning the replacement of lead pipes signifies a serious public health and financial dilemma. For many Iowan residents, especially the elderly on a fixed income, the cost of replacing lead pipes can be daunting. Highlighting the case of an elderly homeowner like Sarah Curry’s grandma, the real-life impact of these regulations brings to light larger questions of affordability and practicality. Communities and local governments are critically examining how to confront the dual challenge of aligning with federal regulations and protecting their residents from financial hardship. This may involve exploring various strategies that balance public health concerns with financial realities.

In the latest episode of the podcast, the hosts discuss the difference in taxation between California and Iowa using the example of Shohei Ohtani, a Major League Baseball pitcher. They highlight that Ohtani's income is subject to significantly higher taxes in California compared to what it would be in a state like Iowa, leading to a difference of over $8 million per year. While they acknowledge that not everyone may sympathize with Ohtani's high income, they emphasize the real impact of the difference between red states and blue states. The hosts also mention the possibility of Iowa's flat tax rate going even lower in the coming years, potentially reaching 3.9% or even zero, making it an attractive option. The podcast also covers the Iowa Taxpayers Association symposium, where the keynote address was delivered by Kraig Paulsen, the Director of Iowa's Department of Management. The hosts express their excitement about the conference, noting that it provided a lot of valuable information. Director Paulsen discussed the strong fiscal foundation of Iowa's budget, highlighting the state's financial stability. This insight reaffirms the positive direction of Iowa's tax policy and encourages a more efficient and responsible use of taxpayer funds. Additionally, the hosts touch on poll results from the Des Moines Register Iowa poll, suggesting that Iowa's tax and spend agenda contrasts with the trend in states like California and Minnesota. They mention upcoming conversations about the differences between red states and blue states, leaning towards the potential advantages of cutting taxes and promoting economic growth. The hosts express their optimism about the policies being implemented in Iowa and the efforts to make the government more efficient and responsive to taxpayers' needs.

## The Impact of Endorsements in the Presidential Race for Iowa The race for the Republican presidential nomination is heating up, with Iowa playing a pivotal role as ever in the road to the White House. Governor Kim Reynolds' recent endorsement of Ron DeSantis marks a significant moment in the primary contest, suggesting potential shifts in voter allegiances. Alongside Governor Reynolds, prominent conservative voice Bob Vander Plaats from The Family Leader has also thrown his support behind Governor DeSantis. Governor Reynolds is actively campaigning for DeSantis, indicating her commitment to his success goes beyond verbal support. Her involvement in campaign events and appearances in TV advertisements could provide a considerable boost to DeSantis's efforts in Iowa. History has shown that while some endorsements may not sway a large portion of the electorate, the backing by influential state leaders like Governor Reynolds may be an exception, reflective of their broader appeal and political muscle within the state. Additionally, Bob Vander Plaats's alignment with DeSantis carries weight within conservative circles, potentially impacting grassroots support and fundraising. Voters often look towards leaders whose opinions they trust, and endorsements from individuals with a robust following can shift the political landscape in subtle but meaningful ways. ## The Challenging Road for Alternatives to Trump The seeming support for Donald Trump among Iowans has persisted, with numerous Trump signs still visible across rural landscapes, in stark contrast to the scant presence of signs for other candidates like Nikki Haley. This visual support underscores a broader enthusiasm gap; Trump's base remains fervent while other candidates are still working to ignite similar passion. The recent national endorsement of Nikki Haley by Americans for Prosperity introduces another dynamic to the race. Their organizational strength and willingness to back endorsements with substantial financial resources could enhance Haley's visibility. While some voters may align with Haley by default, seeking a fresh alternative to Trump, the question remains whether endorsements and financial backing can generate the grassroots enthusiasm seen for Trump. Despite the infusion of endorsements and campaigning, John maintains that Trump remains not just a candidate but the leader of a movement, which is a factor that continues to resonate with a substantial portion of the Republican electorate. The narrative shaped by media coverage and political analysts suggests an uphill battle for candidates who seek to challenge Trump's dominance in the Republican field. ## The Debate Over Endorsement Effectiveness Ultimately, the true impact of political endorsements on voters remains a topic of ongoing debate. As Iowa approaches its caucuses, with roughly two months remaining, the political landscape is indeed subject to change. While endorsements alone may not have historically tipped scales, when coupled with active campaigning and media strategies, they have the potential to reshape voter perceptions and outcomes. As candidates and their high-profile supporters make their case to Iowans, it will be the alignment of endorsements with established voter sentiment and the organic enthusiasm of the electorate that will determine their ultimate influence in this pivotal state for the presidential race. ## The Scrutiny of Public Transit Funding in Local Iowa Government On a more localized level, there is increasing scrutiny on how taxpayer funds are allocated, particularly in matters such as public transportation. The case of Grimes, Iowa, opting out of the Des Moines Area Regional Transit (DART) due to its exorbitant cost and minimal usage, reflects a broader conversation on government efficiency and proper allocation of tax dollars. Grimes’s decision to pull out of DART, which seemingly served a minuscule number of residents, raises questions about the evaluation and justification of similar services and programs funded by taxpayers. This incident may well spark further investigations into the value propositions of various taxpayer-funded services throughout Iowa.

Despite the financial support and continued ad campaigns associated with Senator Tim Scott's campaign, it fell short in resonating with voters. By attempting to appeal to all demographics, the campaign lacked a solid ideological foundation which lead to generic messaging that failed to make a significant impact. Senator Tim Scott was well-liked, with many Iowa indicating they would happily have him represent them. However, his inability to effectively carve out a unique lane as a presidential candidate prevented him from gaining a broad base of support. First in the Nation Update It's apparent that as the field of candidates narrows, their focus and ideologies become more apparent, and endorsements can help highlight these distinctions. Nikki Haley's list of endorsements, largely from more moderate figures, suggest an alignment with the establishmentarian lane. This could work in her favor, given fewer candidates are vying for this space. However, whether it will propel her above third place in Iowa is debatable. While many voters expressed admiration for Scott and considered him as a conservative candidate, his lack of a strong, distinct stand on key issues translated to a scattered distribution of secondary support. The trend suggested a fairly even split of Scott's voters between the other top three contenders - Trump, DeSantis, and Haley. As such, Scott's exit from the race had a relatively negligible impact on the overall poll standings, despite an uptick for DeSantis and Haley. A point of contention arose between the Family Leader and the Republican National Committee (RNC) over the control of debates. The former planned to host a presidential forum that the RNC argued was too akin to a debate setting. The dispute reflects a balance of power issue, and decisions made regarding debate environments and question-askers can incite strong reactions among Republican primary voters who often side with candidates over the RNC in such conflicts. It reiterates the importance of focusing on voter information rather than quibbling over dominion. "Untrue, False and Deceptive"? There is a noteworthy trend of media outlets leaning towards taking the word of those on the left, which was evident during the recent Des Moines mayoral race. Rather than focusing on the fact that candidate Josh Mandelbaum is a registered lobbyist working for the left-leaning Environmental Law and Policy Center, the media instead put the spotlight on the right-leaning individuals or groups attacking him. There appears to be a bias in some media outlets, dismissing those on the right as 'radical', thereby indirectly dismissing a significant portion of the population. More Property Tax Increases? The pressing issue of increasing property taxes or cutting services by Des Moines Area Rapid Transit (DART) is a critical example of public perceptions about services. DART, which has been funded by one-time pandemic relief funds due to run out soon, is now faced with difficult choices. The notion of temporary tax increases often receives public skepticism, as many believe these levies are rarely rolled back.

Among several ballot measures across the country, there was a ballot measure in Colorado that aimed to revise that state's Taxpayer Bill of Rights (TABOR) in exchange for property tax relief and increased funding for public education. However, proposition H was defeated in a landslide. John Hendrickson mentioned that 60.2% of the voters opposed the measure while only 39.8% supported it. It seems that the voters saw through the proposition's promise of short-term payoff and recognized the importance of preserving the long-standing taxpayer protection provided by TABOR. The defeat of proposition H in Colorado serves as a lesson to other states, including Iowa, about being cautious of promises for property tax relief combined with increased state spending. Within Iowa, several local elections were held. Although the podcast hosts didn't elaborate on every individual race, they did highlight the Des Moines mayor's race, which pitted two city council members against each other. The winner, Connie Boesen, emerged victorious in what was a highly contested race. It was noted that both sides of the campaign were financially well-supported and had significant television presence. The hosts also posited that in the Des Moines race, the positioning of the candidates seemed to align with an activist, progressive, and far-left approach versus a different approach, resulting in Boesen's eventual win. The hosts discussed the bond elections in Iowa, specifically acknowledging the community engagement and turnout seen in relation to these issues. While they didn't delve deeply into the specifics of each bond measure's success or failure, they indicated that roughly half of the bond issues passed across the state. The hosts believed this trend suggested that citizens were actively involved in the decision-making process, incorporating information and opinions from their elected officials. In terms of educating voters and providing information, the hosts shared appreciation for their ITR local initiative, which aims to equip voters with objective information so they can make informed choices about their communities.

ITR Live takes a look at a recent article in The Economist showcasing Iowa's recent success in implementing significant broad-based tax reform. Iowa is witnessing a transformative overhaul that offers an exciting departure from the norm. A wave of tax cuts is sweeping across states with Iowa leading the path as a trailblazer in state-based tax reforms. But what does this signify for the country's economy and how will it shape public policies in the future? It's crucial to delve into the developments and analyze the potential implications to understand taxation in its new avatar. ## Iowa - The Gold Standard of State-Based Tax Reform As Iowa paves the path toward a pro-growth tax landscape, the focus rests on its ability to strategically implement policies that catalyze economic growth. Seizing the opportunity provided by budget surpluses, the state is enabling reductions in tax burdens that reflect in the form of business-friendly policies and an environment conducive to an influx of businesses and families. Shadowing these reforms is the looming concern of a day of reckoning when tax cuts reach a critical mass. External observers have drawn parallels with Kansas and sketched out apocalyptic scenarios where the arrival of low taxes leads to a crash, largely in key areas such as education and health care. Yet, the virtue of fiscal responsibility ingrained in Iowa's governance bespeaks a careful balancing act insulated from such drastic consequences. ## A Tale of Two Paths: Iowa and Minnesota In stark contrast to Iowa's commitment to lower taxes, the narrative of Minnesota's taxation strategy reveals a different strain of thought. Adopting a path of increased government spending, Minnesota cranks up expenditures by a whopping 38%, firmly positioning itself as a state that opts for left-wing policies. This fiscal freedom, however, brings with it the question of sustainability in the face of year-on-year revenue constraints. At the heart of this discourse lies the individual taxpayer. Citizens increasingly 'vote with their feet,' so to speak, gravitating toward states that meet their expectations of governance. As Iowa navigates this dramatic overhaul, the state's electorate seems to underscore their approval by consistently electing representatives who are proponents of lower taxes.

## Frustrations on Property Tax A recent Axios Des Moines article contained several quotes from city and county officials complaining about the restriction on property tax increment. We believe these officials are too often prioritizing their government budgets over the budgets of Iowans, who continue to grapple with ongoing inflation. The pressure to maintain and expand city budgets is leading to potentially unnecessary endeavors which only add to the existing financial burdens of property owners. City budgets have grown far beyond just coping with inflation. In Des Moines, for example, more than $500 million goes into 'normal' city services. The ongoing dilemma is whether the hefty taxes and budgets are going towards filling essential needs such as fixing potholes, or towards wants like developing new buildings downtown. ## Des Moines Register Caucus Poll Looking beyond property taxes, the episode shifted to the recent Des Moines Register's Caucus Poll, which in its latest edition sees former President Donald Trump significantly leading the pack amongst potential caucus attendees. Florida Governor Ron DeSantis and former UN Ambassador Nikki Haley are neck-and-neck as alternatives, with more independents interested in Haley. The hosts discuss how the large number of 'likely caucus-goers' sampled, tilted the poll in Haley's favor. If only registered Republican caucus-goers were considered, the numbers would likely be more heavily skewed towards Trump and DeSantis. Based on their interactions with Republicans in the state, the hosts observe a considerable level of support and energy for Trump, and they believe this could potentially mobilize a large number of caucus-goers.

Speaker Mike Johnson In recent days, a political shift has occurred. A new House has been elected following three arduous trials, with Mike Johnson coming to the forefront as a very strong conservative and a favorable choice among many. While Johnson might not be as recognized as Jim Jordan, his staunch conservative credentials are well approved. Interestingly, along with Mike Johnson, House Majority Leader Steve Scalise hails from Louisiana, making it an unexpected event to have the speaker and the majority leader from the same state. Still, the reality remains. The problems present in Washington, D.C. extend much deeper than the leadership of one caucus in one chamber. An overwhelmingly conservative leader doesn't necessarily equate to straightforward solutions, especially considering the liberal Democrats currently controlling the Senate and the White House. Analyzing the 2024 Election A common misconception surrounds the future 2024 election: the belief that it will be heavily influenced by the elected speaker of the House. This notion is far from the truth. Candidature and political stances will not be the determinant factor for voters. For instance, voting for Mike Johnson for Speaker won't necessarily sway voters from their preferences as a large scale of what matters lays in personal records and the work done in the district. Public opinion polls clearly show President Biden and Democrats being held accountable for the inflation problem, which will be the real focus on voters heading into next year's election. Kim Reynolds and Border Security In the realm of border security, Iowa Governor Kim Reynolds has shown a strong commitment to ensuring the safety and sovereignty of our nation. As border security remains a pressing issue for all Americans, Reynolds has actively engaged in efforts to support actions that strengthen border control and curb illegal immigration. Governor Reynolds recognizes the importance of securing our borders to address the concerns regarding national security, drug trafficking, and human trafficking. Through close collaboration with federal authorities and advocating for stronger border enforcement measures, she aims to protect the well-being of Iowans and all citizens across the United States. Public Libraries John Hendrickson is not only one of Iowa's leading conservative voices, he is also a former public library board member and remains a strong advocate for public libraries. He believes that libraries are still highly valued by communities, and although they may need to adapt and change, they should continue to receive funding. There has been concern about potential budget cuts to libraries due to property tax reforms, but these cuts have not yet been implemented. Hendrickson suspects that these claims could be scare tactics used by local governments to discourage future property tax reforms. Overall, he reassures that libraries are essential services that communities are unlikely to stop funding.

## Addressing Property Taxes in Iowa Perhaps the most pertinent issue for many Iowans is property taxes. They are frustratingly high and continue to rise at a pace that's unsustainable compared to the rate of inflation and population growth. There's a clear disconnect between how taxpayers perceive property taxes and how local officials communicate about them. For instance, it's misleading when officials claim that they are spending more while maintaining the same levy rate. This disconnect often results in a blame game, with every local authority involved pointing fingers at each other. The onus is on the individuals who devise and approve the budgets. They control how much tax money will be collected and how much will be spent. The silver lining is that all this information is available on the ITR local website. It provides a 360-degree view of your local government finances, helping you understand how your tax money is spent and supporting your active engagement in local decision-making processes. ## Local Bonding Decisions and the Property Tax Burden Another important topic concerns local governments and their approach to increasing expenditure through debt. The question of whether we need or simply want new facilities – like schools or sports fields – is an important one. It's crucial to consider whether bonding, therefore, is the right approach, or if we should be allocating consistent revenue streams towards these expenses. A significant part of the issue is the over-reliance on issuing bonds for every expenditure. This approach negates any potential property tax cuts that the taxpayers could have enjoyed if the tax money was used wisely. Thus, millions of dollars in new debt are dumped onto taxpayers, which is a huge concern. In the end, it’s fundamental to separate the genuine needs of a community from its wants, especially at a time of high inflation. The focus should always be on what an investment is offering to the community, its utility, and how it impacts the family budget. This focus will, in turn, push local governments to be more responsive to the needs and concerns of their constituents.

# The State of America's Foreign Policy: Reflecting on the Israel Crisis The world has been helplessly witnessing the horrific brutalities unfolding in the Middle East over the past few weeks. Attacks on Israel by the Palestinian group Hamas, has shocked the international community and has also shifted the perspective of foreign policy discourse within America. ## Israel - A Time-Tested Ally Israel, an enduring ally of America, has been facing concentrated, malicious attacks from Hamas which has stirred unprecedented chaos and loss of innocent lives in the region. The attacks are nothing short of barbaric, characterized by cold-blooded executions of civilians, including women and children. Essentially, it represents indiscriminate hatred towards the Jews and violations of human rights on a grand scale. In the light of such alarming occurrences, it is imperative for America, and indeed the world, to support Israel. ## The Implications of America's Domestic and Foreign Policies While supporting Israel forms an important aspect of U.S-Israel relations, the way America has facilitated grave situations, directly or indirectly, cannot be overlooked. Weapons and supplies left behind during the American withdrawal from Afghanistan have found their way to Gaza. Besides this, the Biden Administration's recent decision to provide Iran with $6 billion has raised several eyebrows. This funding could potentially be used to further fuel the ongoing conflict. Moreover, the Biden Administration’s reversal of stringent policies towards oil-producing nations has increased the price of oil globally. Coincidentally, this policy shift has been an economic windfall for Iran, thus indirectly boosting its ability to support Hamas. Finally, the America's poorly regulated, porous southern border might have unintentionally facilitated the entry of individuals with potential hostile intent into the country. ## The Strains of War In this difficult period as Israel faces its own version of 9/11, a discourse of war is natural. However, caution must be exercised before entering into another long, draining, and costly conflict. The lesson to learn from the aftermath of 9/11 is to focus on eliminating the immediate threats instead of taking on unnecessary wars. Furthermore, the Republican Party needs a careful introspection. Some figures within the party seem excessively passionate about getting into a war with Iran. While supporting Israel is a non-negotiable commitment, a new elective war abroad should never be our first choice. ## Future Insights The upcoming days will influence the public's perception of the potential Presidential candidates and their stance on the Israel-Hamas conflagration. It will give the masses a clearer picture of who they can trust on key foreign policy issues, most importantly preserving peace and security in the Middle East.

# Breaking Down Iowa's Fiscal Prosperity: Government Accounting Simplified The state of Iowa is experiencing an unprecedented fiscal boom, thanks to a dedicated commitment to conservative, prudent budgeting. In spite of its reputation for being a dry topic, government accounting is at the heart of this success, driving Iowa's capacity to implement significant tax reforms and establish a foundation for further economic growth. ## Strong Fiscal Stewardship The state's financial health is robust, ending the recent fiscal year with a $1.83 billion general fund balance, with an additional $902 million held in reserve funds. This surplus isn't due to spending cuts or program slashes; instead, Iowa's economic strength and commitment to controlled budgeting have facilitated this impressive financial position. This conservative approach to budgeting has been championed by Governor Kim Reynolds, recognized last year by the Cato Institute as the most fiscally conservative governor in the nation. This accomplishment is no small feat, given the myriad financial challenges and funding demands that governments face. In Iowa's case, the emphasis has been on allowing the state's businesses and families to grow at a faster pace than government spending, ensuring a balanced approach to fiscal health that benefits all. ## The Robust Economy Underpinning the Surplus This fiscal prudence and economic vibrancy have cultivated the conditions for ongoing tax reforms. Rather than stockpiling more money in the public coffers or indiscriminately growing government programs, Iowa's leadership is leveraging this prosperity to push for further income tax cuts. Despite implementing tax reductions, the state is still collecting more in revenue than is necessary, often as a result of the economy outpacing the implementation of tax cuts. As Governor Reynolds has noted, this is not a case of government under-spending, but of over-collection from hardworking Iowans. Moving forward, the focus is on returning this surplus back to its rightful owners – the people of Iowa. ## The Future of Iowa’s Fiscal Landscape The strong fiscal position of Iowa has paved the way for "bigger and bolder income tax cuts," as expressed by Senate Majority Leader Jack Whitver. Leaders advocating for tax reform have highlighted the potential for further reductions based on the state’s impressive surplus. This steadfast focus on prudent financial management, tax reduction, and economic growth continues to empower the state's strong fiscal outlook. In stark contrast to the fiscal crises unfolding in high tax-and-spend states such as Illinois, Minnesota, California, and New York, Iowa's approach is demonstrating an effective alternative. The balance between funding government priorities and fostering economic growth is more than possible – it's happening, right now, in the heart of the Midwest. On the horizon, Iowa’s surplus and sound fiscal management are set to enable deeper discussions surrounding trade policy, tax reduction strategies, and spending controls. With an aligned, fiscally conservative leadership committed to realizing these ambitions, Iowa can anticipate exciting developments on the horizon.

# The NASCAR Cup Race in Iowa and Its Economic Impact Iowa is set to host its first-ever NASCAR Cup race. This major sporting event, scheduled for 2024, is eliciting mixed feelings from sports enthusiasts and non-enthusiasts alike. However, regardless of individual spectator interests, one thing is certain - the event has the potential to significantly boost the state's economy. The NASCAR race is expected to draw a large number of fans, not just from around the state, but from around the region and beyond. This influx of visitors can generate a substantial increase in spending on lodging, food and beverages, transportation, and entertainment. It also provides an opportunity for local businesses to tap into new markets and potentially establish long-term customer relationships. Just as importantly, the event is also set to increase tax revenue for the state. The economic benefits of hosting a major professional sporting event like the NASCAR Cup race extend beyond immediate spending by fans. The broader visibility and reputation enhancement also have long-term implications for future investment and development. ## The Mariah Carey Christmas Tour While the economic implications of hosting a NASCAR race are clearly positive, another aspect of entertainment is also worthy of attention, the power of music concerts in boosting the local economy. The potential of a city being included in the international tours of global music stars like Mariah Carey and Taylor Swift is often underestimated. Such concerts can attract thousands of attendees, many of whom travel from outside the city, leading to a surge in hotel bookings, restaurant reservations, and retail spending. Moreover, these events also generate considerable tax revenue and create temporary jobs. ## Ongoing Feud between Matt Gaetz and House Speaker Kevin McCarthy Meanwhile, in political news, an ongoing feud between Matt Gaetz and House Speaker Kevin McCarthy is creating quite a stir. Gaetz's attempt to oust McCarthy as speaker has garnered mixed reactions, with some viewing it as a move to hold the Republican party accountable for recent decision-making, while others argue that it lacks strategy and does little more than heighten division within the party. ## Not so "Friendly" Property Taxes in Des Moines In finance, a recent study confirmed that property taxes in Des Moines are indeed high. Per homeowner, the city of Des Moines charges 2% of the value of a property in taxes per year - a figure higher than most. While taxes are essential for providing necessary services like police, fire departments, roads, and parks, homeowners in Des Moines are understandably disgruntled. Critics argue that while Des Moines has a large number of properties that are not taxed because they house state capitals or other government buildings, the city also benefits from the increased traffic and additional revenue these organizations draw in. While these debates continue, one thing is clear - property taxes in the city are placing a significant burden on homeowners. ## Tax Reforms in Oklahoma Lastly, we travel to Oklahoma, where a special session is currently underway to discuss income tax reforms and budget transparency. Governor Kim Reynolds aims to put the tax on a path of elimination and increase government spending transparency through these discussions. The path to eliminating income taxes will not be an easy or quick one, however, it is an important first step in launching a much-needed discourse on financial governance.

## There is no AAA to call in the Iowa Caucuses Chris took a trip down memory lane when he shared a story about one particular caucus season which involved Andrew Yang's campaign team, a muddy Iowa road, and a rented Chrysler PT Cruiser. And the sense of camaraderie which resonates with many conservative leaning voters is alive and well in the anecdote. Regardless of political affiliations, be it a staunch Trumper or a Yang Gang supporter, the story showcases the unity and spirit of rural Iowa, where a lending hand is never far away. Through detailed discussions and analysis, they offer compelling insights into current political happenings. Recent episodes have touched on prevalent issues such as an event involving Vivek Ramaswamy, an upcoming potential presidential candidate. They analyze incidents from a unique perspective, dissecting even the little details. For instance, they appreciated Vivek for his patient and empathetic approach toward addressing the concerns raised by a climate change activist. Discussions center around presidential approval ratings in Iowa, the statistical data revealing a higher approval rating for Donald Trump compared to Joe Biden. A hypothetical showdown was contemplated between Trump and Biden, revealing that if an election were conducted today, Trump takes the lead with a favorable nine point difference. Interestingly, discussing an alternative Republican candidate against Biden, the gap broadened to more than 15 points. Their analysis indicates that at this point, another Republican nominee may find stronger support in Iowa A fascinating element was the introduction of a new hypothetical matchup – Donald Trump versus Democrat Gavin Newsom. Shockingly, Newsom fared even worse than Biden in this scenario. Furthermore, the podcasters highlighted that a shift toward independent voters is observable, who currently lean more towards Trump over Newsom. From national politics, their attention drifted towards local government matters. A standout point from this conversation was the widespread misconception among Iowans regarding who's responsible for property tax bills. They pointed out how a whopping 25% of Iowans wrongly held the state government responsible. Puzzlingly, this misunderstanding is more prevalent among Democrats. This has sparked a need for awareness which needs to be carried out, since it's the local government, not the state, that impacts local property taxes. This touches upon another worrying trend: the lack of engagement with local government among Iowans. Considering how little participation there is in city council and county board supervisor meetings, this complacency could be detrimental. Chris and John emphasized the importance of fostering an authentic dialogue through their podcasts. They urged listeners to dive deep into the questions posed and the responses elicited in their discussions. They're not interested in asking leading questions or influencing listener's responses. The podcast highlighted that key concerns among Iowans seem to be the economy, immigration, and property taxes. While there is substantial applause for income tax reform, Iowans echo a deep worry about property taxes. This concern appears rooted in local government expenditure, reinforcing the urgency for being aware and engaged.

This episode of ITR Live checks in on another piece of Presidential candidate mail, this time touting Governor Doug Burgum's fiscal record in North Dakota. Burgum is cast as a conservative governor and business leader who has made significant strides in tax cuts, spending reduction, and budget balancing. The episode emphasized the importance of such achievements at the federal level, showcasing Burgum's track record as a leader devoted to fiscal responsibility. Another topic covered was the controversy surrounding an entry from the Trump campaign during the Johnston homecoming parade. Hagenow expressed some irony and disbelief over the outrage caused by this entry—a single jeep adorned with an American flag and a Trump flag. Despite the seemingly harmless nature of the float, Hagenow described the extent of backlash and coined it as "dastardly." The incident spawned discussions regarding school board elections, with Axios' report questioning the overall morale at Johnson schools due to partisan influences. Chris and John also discussed the announcement of a lowered corporate income tax in Iowa. As part of the state's 2022 tax reform law, the corporate tax rate reduction aimed to create a more business-friendly environment. Under this modified mechanism, any corporate revenues that exceed 700 million contribute to the buy-down of the rate. Hendrickson highlighted previous years of healthy corporate revenues to support the justification for this tax change. Such steps reflect the state's ongoing commitment to fostering a vibrant and competitive economic landscape that attracts and supports businesses.

# Delving into American Conservatism: Past, Present, and Future American conservatism is steeped in rich history, often interwoven with discussions of economic policies, income tax, and the impacts of presidential decisions on the economy. A prime focus of American conservatism today is the Herbert Hoover Presidential Library Museum in West Branch, Iowa, a place of much interest to scholars, historians, and political analysts alike. Named after the 31st President of the United States, Herbert Hoover, the museum offers a treasure of information and historical archives that shed light on pivotal moments in American conservatism. ## Herbert Hoover: A Torchbearer of Modern American Conservatism Herbert Hoover is not just an intriguing presidential figure, but many observers of American politics see him as the godfather of modern American conservatism. Hoover's influence spans from his presidential years to his activities during the post-presidency era. Of particular interest is his stance on the New Deal, a series of public works projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt in the 1930s. Analyzing Hoover's perspective on these issues can provide valuable insights into a somewhat overlooked chapter of American conservatism. ## Iowa's Tax History: Resonance with Today’s Issues Particular emphasis is given to the exploration of early 20th century Iowa tax history. Documents from that period reveal that Iowa's primary tax was property tax. Advocacy groups during that time were suggesting other sources of income for tax relief, such as sales and income taxes. The significance of these documents today lies in the current legislative discussions surrounding income tax, especially considering the inception of Iowa's first income tax took place in the early 1930s. Drawing parallels between the past and present can help shape future tax policies. ## Reflecting on American Political Climate In the present day, income taxes, property taxes, and debates around the Electoral College still echo arguments from past decades, proving policy discussions are often cyclical. Past discourses and decisions help us forecast and shape the future of political and economic policy. The notion of Bidenomics has surfaced, reflecting public sentiment and perception of President Joe Biden's administration. Amid talk of increased expenditure and inflation rates, citizens are growing more concerned about their financial stability. One crucial aspect to consider is the influence of presidential regimes on known economic indices. Does a political leader guide the economy toward a growth trajectory or does economic growth stumble during their tenure? The answers often vary across different income groups and political beliefs, but the consensus seems to lean toward a direct correlation between the two. In the wake of these discussions, understanding Herbert Hoover's politics and their significance in modern American conservatism is both relevant and insightful. It not only provides a richer understanding of U.S. politics but also sheds light on how history can inform and influence present and future tax policies and economic strategies.

The annual Iowa-Iowa State football game has become a magnet for political figures, especially so in the lead-up to the Iowa Caucuses. From mingling in the crowds to conversations under the tents at the tailgates, this event was crawling with Republican presidential candidiates including President Donald Trump, Governor Ron DeSantis, Vivek Ramaswamy, and Governor Doug Bergum. Last Saturday, Iowa was the center of the political universe. We also take a disconcerting look at near total agreement between ITR Live and the Des Moines Register's editorial board. We both share strong reservations about the use of economic development incentives for the construction of a new minor league soccer stadium in downtown Des Moines.

# The Iowa Poll: A Political Weather Vane One of the most significant elements of the political landscape in Iowa is the Des Moines Register's Iowa Poll. Viewed as historically reliable and enjoying good independent ratings, it offers insightful glimpses into the likely scenario during caucuses. *Donald Trump* leads the poll with 42% of likely caucus-goers' votes, followed by *Ron DeSantis*, who commands 19%. It is worth noting that candidate preferences remain fluid; the Iowa caucuses are too far in the future for these early polling numbers to be definitive indicators of the possible outcome. Surprising names are occasionally thrown up by the poll, like Chris Christie, who even though he is staunchly focused on New Hampshire, finds support within Iowa. # The Perceived Electorate Political campaigns are not the same as primaries; they're more involved, requiring potential voters to not just vote but participate actively in a party building exercise, often in cold winter evenings. The task of identifying the universe of people who would attend these campaigns falls to the Des Moines Register. However, the likelihood of attendance and the actual turnout can vastly differ. For instance, Chris Christie might show up as securing sizable support in the polls due to name familiarity. Still, actual Christie supporters at the Republican caucus might be few and far between. # Influencing Political Tides Irrespective of the poll numbers or caucus votes, political candidates continue to strive for visibility and connect. Many pour millions into strategic advertising in Iowa. Others, like Vivek Ramaswamy, due to constrained resources, may only get to shake hands in small communities. However, his interactions often leave a lasting, favorable impression. Governor Kim Reynolds holds her own against the candidates, enjoying an 81% approval rating. With a seemingly fixed electorate base consisting of Republican regulars, strategies to draw in newer voters to the caucus often hinge on unconventional candidates with newer ideas. Trump and Ron Paul are excellent examples of mobilizing a hitherto unengaged electorate demographic. Not all politicians adhere to established rules of campaigning, and the former President Donald Trump is a classic example. A political wildcard, Trump possesses the ability to amplify his presence, be it during a state fair or wielding his strength on a social media platform. # The Upcoming Debate An upcoming debate promises a new glimpse into the political landscape in Iowa. Expected to be absent from the event is Donald Trump. Trump's absence might be perceived as a strategic move, allowing himself to remain the focus yet steering clear of any potential political backlash. Whether this shall set a precedent for other presidential hopefuls to avoid debates in the future remains a subject for speculation. # An Unfolding Landscape In all, Iowa politics continue to evolve, with new candidates and strategies continually changing the political landscape. As digestible as a political podcast or intriguing as a poll projection, the eventuality can only be speculated upon. Politics in Iowa promise to keep observers on their toes, ensuring that seasons are never dull, whether it's back to school or deep into winter.

# Presidential Politics, Debates and Modern Challenges A key subject discussed on many platforms is presidential politics. With debates becoming more fiery and the field of potential candidates growing more diverse, navigating these waters can prove tricky. The nature of these debates might seem like returning to the Reagan era for some, but we are actually dealing with new issues that require a different sort of conservatism. The growing popularity of the America First agenda has been particularly notable. It seems to resonate with grassroots movements and typical blue-collar Trump voters, indicating a change in the political discourse brought on by the modern age. # Economics, Taxes and Policies in Focus Switching gears, commentators have noted an increased focus on economic affairs, paving the way to critical discussions on tax reformation. Recently, Senator Dan Dawson of Iowa has made headlines with his tireless pursuit of income tax reform. This includes proposed State constitutional amendments which will not only protect taxpayers but will also lead in the right fiscal direction. Put simply, the goal is to make tax increases harder to pass while focusing on providing income tax relief. Proponents assert that this could eliminate risks of overspending. In a state like Iowa, these new tax policies and amendments could potentially have a transformative impact on the local economy. Aimed at both reducing tax burdens and safeguarding funding for future needs, policymakers are demonstrating an understanding of their impactful role in shaping the state's fiscal future.

## *Political Chess Moves: Indictments and Elections* The world of politics is rife with strategies that often parallel chess moves. One such strategic maneuver is the recent wave of indictments against former President Donald Trump. This move potentially poses multi-faceted implications - from stirring controversy to indirectly impacting rankings on straw polls. The intertwining dynamics of such indictments tend to impact public sentiment and could significantly sway the outcomes of subsequent polls and elections. ## *Taking on the Fair Food Adventure* While it may seem frivolous, assessing the favorite fair food race can serve as a metaphor for the political race. It brings to light some surprising insights about the preferences of voters. So, whether it’s biting into a pork chop on a stick or taking a stand on political debate, it’s clear just how integral these aspects of American life are in shaping political opinion and expression. ## *Small-Donor Politics: A Two-Sided Coin* When individuals make modest donations to candidates promoting perspectives aligned with their beliefs, their commitment to democratic participation shines through. Their contributions highlight an essential reality of American politics; every voice matters. Each check written out to a favorite candidate serves as a tangible declaration of support, resonating within the echo chamber of election campaign financing.