Judging from the mammoth amount of money incumbent State Senator Roby Smith has raised and spent on this year's election, either state Republican strategists think he's in trouble or the party of fiscal conservatism has few concerns when the spending helps retain its Senate majority in Des Moines.
Iowa's most vocal anti-tax group – Iowans for Tax Relief – lives off a charitable endowment worth $48 million that pays zero state or federal tax on its annual investment income of just over $2 million.
The non-profit organization – Tax Education Support Organization – was set up by... more
