Heat the oil over medium-high heat. Add the onions, peppers, carrots, and garlic. Sauté for 5 minutes.
Next add the chopped steak and sausage and cook until brown, 8-10 minutes, breaking up all the meat clumps.
Add the masa, chile powder, cumin and oregano. Cook another 3 minutes, stirring regularly. Add the salt, sugar, tomatoes, beans, and beer. Scrape the bottom to deglaze.
Reduce the heat and cook at least another 30 minutes, partially covered, until flavors are well combined and the chili has thickened. Stir occasionally.
Add a couple dashes of cayenne pepper for extra heat. Serve with favorite toppings along with tortilla chips or cornbread!
