Rainwater has run for governor in the past. In 2020, he came in third with just 11.4% of the vote. His campaign promises to make Indiana's state government smaller, including a four-year budget freeze. He hopes to eliminate the state's individual income tax and personal property tax on residents' primary residence.

Indiana will continue to be led by a Republican at the state level. According to projections from the Associated Press, U.S. Senator Mike Braun, R-Ind. will be Indiana’s new governor. This comes after Indiana term limit laws prevented current governor Eric Holcomb,