Is Iowa Turning to the Left?

# 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.