John Hendrickson and John Phelan compare Minnesota's soaring taxes and deficits with Iowa low taxes and balanced budgets.

Fiscal policy is a collective term for the taxing ... inflation and growth and it has less impact on the real economy. For example, the Fed was aggressive during the Great Depression.

Iowa and Minnesota are Midwestern neighbors who have taken vastly different fiscal policy paths in recent ... Family and Medical Leave scheme, for example, imposes a tax of 0.7% on each worker ...