Federal Tax Law Change Raises Cost of Refinancing Debt for State and Local Governments

State and local governments have enjoyed hundreds of billions of dollars in interest cost savings by refinancing their debt, but that all changed in 2018, costing taxpayers billions. Iowa’s state and local governments have almost $21 billion in outstanding debt obligations, with two-thirds of that total borne by local property taxpayers. The combined debt of Iowa’s cities, counties, and schools […]

Hendrickson Report: The 30th Anniversary of the “Contract with America”: A Conservative’s Journey

Many of the “Contract with America” conservative policies and reforms remain the foundation of the Republican party today. On September 27, 1994, Republican members of the House of Representatives stood on the steps of the Capitol building and signed the Contract with America. Led by Representatives Newt Gingrich and Dick Armey, the Contract with America outlined a series of conservative […]