In this episode of ITR Live, Chris Hagenow and John Hendrickson unpack major developments from the Iowa Capitol, including the latest version of the property tax reform bill, the advancement of the two-thirds taxpayer protection amendment, and the political shockwave following Governor Kim Reynolds’ announcement that she will not seek reelection in 2026.

The conversation begins with a look at the latest legislative updates, including a revised property tax proposal that weakens the original 2% cap by adding an inflation factor and raises the homestead exemption. Chris and John discuss their concerns about the complexity of the changes and whether they truly provide tax relief for Iowans—especially given the absence of full data from the state.

They then celebrate the Iowa Senate’s passage of the two-thirds supermajority constitutional amendment to raise taxes, a longtime taxpayer protection goal. The amendment’s path forward in the Iowa House is promising, and the hosts emphasize its importance for long-term fiscal restraint.

The second half of the episode pivots to the 2026 open governor’s race following Reynolds’ announcement. Chris and John preview what will likely be a crowded Republican primary, mentioning potential candidates including Brenna Bird, Matt Whitaker, Ashley Hinson, Mike Naig, Bobby Kaufmann, Pat Grassley, and Bob Vander Plaats. On the Democratic side, Auditor Rob Sand appears to be consolidating early support.

The hosts reflect on Governor Reynolds’ legacy—from the flat tax and school choice to budget surpluses and COVID-era leadership—and frame the discussion around what Iowans should look for in the next governor: conviction, courage, electability, and a proven ability to deliver conservative results.