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If You Live in Michigan, Here’s How Trump Might Affect Your Wallet

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If You Live in Michigan, Here’s How Trump Might Affect Your Wallet


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Michigan is a swing state with a significant impact on the presidential election. From the 1970s to the 1980s, Michigan voted Republican before voting Democrat from the 1990s to 2012.

Things changed again in 2016 when Michigan voted for Donald Trump, giving him a narrow win against his opponent at the time, Hillary Clinton. While the Great Lakes State voted in favor of Democrat Joe Biden in 2020, it’s anyone’s guess what will happen during this year’s election.

With Election Day only about a month away, the question becomes this: If Trump gets re-elected, how will that impact Michigan residents’ finances? Here are a few possibilities.

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Check Out: Trump Wants To Eliminate Income Taxes: How Would That Impact You If You Are Retired?

Read Next: 9 Things You Must Do To Grow Your Wealth in 2024

Earning passive income doesn’t need to be difficult. You can start this week.

Positive Impact on Select Industries

If you live in Michigan and work in certain industries, a Trump presidency could be a good thing for your wallet.

“A Trump presidency would have a positive impact on the finances of Michigan residents,” said Kevin Jerry, a nationally recognized expert in tax method changes and owner of Kevin A Jerry MST & Associates.

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It might depend on the industry, though. In particular, Michigan is known for its automotive, manufacturing, tech, engineering, defense and professional services sectors. If Trump is elected, his policies could also support growth and innovation in these areas, good news for those hoping for higher wages or better opportunities.

Learn More: What a Trump Presidency Could Mean for Social Security in 2025

Expansion of the Tax Cuts and Job Act of 2017

The Tax Cuts and Job Act (TCJA) of 2017 has had a massive impact on tax law. Most of the changes it’s brought about — specifically those that impact individual finances — are set to expire in 2026.

Trump was the one who originally signed the TCJA into law. If he’s elected for a second term, he could very well expand it beyond its current timeline.

“The Tax Cuts and Jobs Act of 2017 will most likely be reinstated,” said Jerry. “That means the R&D tax credit, bonus depreciation on commercial buildings and residential rentals, as well as a continued 21% C Corporation tax will mean more jobs at higher wages because higher corporate profits will lead to more investments in plant, equipment and people.”

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Some Prices Could Go Down

According to Jerry, a Trump presidency would have a largely beneficial impact on taxpayers. It’s possible that some of his policies would bring prices down, which would alleviate some financial stress.

However, certain policies could have an adverse effect on prices.

Trump has proposed enacting a tariff on foreign-made goods. This could support domestic businesses, which would be good for entrepreneurs and business owners. But it would also lead to higher prices on imported products. For those who primarily buy domestic goods, this might not have much of a direct impact, but only time will tell.

Housing Prices Could Continue To Rise

According to the S&P Corelogic Case-Shiller Index, U.S. housing prices are at an all-time high. The median sales price is $412,300.

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As of now, Trump hasn’t specifically indicated how he plans to address the housing crisis issue. If prices remain as high as they are, or if interest rates continue to remain high (though there has been some improvement on that end), homeownership could remain out of reach.

There is potentially good news, however. The median sales price of single-family homes in Michigan is $260,000, significantly lower than the national median. For those who’d benefit from potentially higher wages or better career opportunities, this could make homeownership more achievable. There’s just no guarantee that prices will drop.

Stocks Could Benefit

The stock market has always been volatile, regardless of who’s in office. For individuals who’ve invested in stocks, a Trump presidency could be beneficial.

A recent CNBC survey found that 67% of individual investors feel that Trump would be good for the stock market. During his initial term, the Nasdaq rose 137%, while the S&P 500 rose 68%. In contrast, the Nasdaq has only risen 34% and the S&P 500 has risen 44% under the Biden-Harris administration (as of June 2024).

Regardless of location, those who rely heavily on stocks — either for passive income or as part of their retirement planning — could benefit from Trump. For long-term investors, the current U.S. president might not have as much of an impact.

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Editor’s note on election coverage: GOBankingRates is nonpartisan and strives to cover all aspects of the economy objectively and present balanced reports on politically focused finance stories. You can find more coverage of this topic on GOBankingRates.com.

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This article originally appeared on GOBankingRates.com: If You Live in Michigan, Here’s How Trump Might Affect Your Wallet



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Indiana extends Big Ten streak to five as the Michigan women win for the first time since 2018

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Indiana extends Big Ten streak to five as the Michigan women win for the first time since 2018


The Indiana men didn’t just win, they secured a fifth straight conference championship, continuing a swimming and diving dynasty in Bloomington. Michigan’s women surged to the top of the league, capturing the title with authority and balance across the lineup.

Records fell left and right throughout the week as this year’s Big 10 championships featured some of the best performances in conference history in the pool.

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Here are the main takeaways from this year’s Big 10 swimming and diving championships:

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Indiana breaks away from Michigan to win fifth straight title

The Indiana men continued their dominance in the pool in 2026, extending their Big 10 dynasty.

From start to finish, the Hoosiers demonstrated experience and elite talent. Indiana won ten different events, including two relays and eight individual wins from six different athletes.

Indiana dominated the distance events this week, winning the 400-yd IM, the 500-yd freestyle, and 1,650-yd freestyle. Senior Zalan Sarkany won both distance freestyle events while freshman Josh Bey started off his Big 10 career with a win in the 400-yard IM.

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Owen McDonald was the second highest scorer in the meet behind Michigan senior Tyler Ray, who was named Big 10 Swimmer of the Championships. The senior won the Big 10 title in the 100-yd backstroke and 200-yd IM.

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Senior Kai Van Westering and junior Dylan Smiley closed on the week with wins on the last night of competition for the Hoosiers. Van Westering grabbed the win in the 200-yd backstroke and Dylan Smiley won the 100-yd freestyle before leading Indiana to a win in the 400-yd freestyle relay to close out the meet.

Beyond individual stars, the Hoosiers stacked swims in the top eight of each event, showcasing balance across not only distance, but sprint and mid-distance events as well. Indiana’s performance combined consistency and poise, placing swimmers in the establishing control from the first event individual event to the final relay.

The win marks Indiana’s 32nd Big 10 title overall, which is second all time behind Michigan. Head coach Ray Looze won his ninth men’s Big Ten title, moving him into the top five all time in conference history.



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Woman accused of driving at the bottom of an Oakland County ski hill near guests

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Woman accused of driving at the bottom of an Oakland County ski hill near guests



A 58-year-old woman is accused of driving a vehicle at the bottom of a ski hill near skiers and snowboarders in White Lake Township, Michigan, the Oakland County Prosecutor’s Office said Saturday.

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Prosecutors allege the Bingham Farms, Michigan, woman drove near guests of Alpine Valley Ski Area, including children, on Tuesday. 

According to the prosecutor’s office, witnesses said they saw the woman smoking what appeared to be marijuana before the incident and wearing ski boots while driving. Officers attempting to perform sobriety tests reported that she “exhibited poor balance, slurred speech, and open hostility.”

Online court records show the woman is charged with operating while impaired for the third time. If convicted, she faces up to five years in prison, a maximum fine of $5,000 and “mandatory vehicle immobilization” for one to three years, the prosecutor’s office said.

“This defendant endangered children with her irresponsible actions,” Oakland County Prosecutor Karen McDonald said in a written statement. “There is no excuse to drive impaired, even once. If you’ve had too much to drink or are under the influence of marijuana or other drugs, call a friend, call an Uber, just don’t drive.”

The woman is scheduled to appear at a probable cause conference on March 12.

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First Film to Depict a Robot Discovered in Michigan

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First Film to Depict a Robot Discovered in Michigan


A long-lost silent film that’s believed to be the first depiction of a robot in motion pictures was rediscovered in Michigan. And it’s a great reminder for film history fans that you shouldn’t give up hope just because a film has been deemed lost.

The film, titled “Gugusse and the Automaton,” is just 45 seconds long and was created in 1897 by French film pioneer Georges Méliès. It shows a magician named Gugusse turning a large crank to control Pierrot Automate, a child-sized robot. The robot grows bigger and bigger until it’s an adult.

Once full size, the robot does a little dance before hitting Gugusse over the head with a stick. Gugusse brings the robot down from his pedestal and then shows him what’s what.

Gugusse hits the robot over the head with a gigantic mallet, each swing making the mechanical man a little smaller until he’s back to his child-like size. Another swing makes the robot a small doll and then it’s just one more mallet slap before the robot disappears completely.

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With that, the film is over.

It’s a short film with a goofy, slapstick premise. But it’s also an artifact that can be interpreted similarly to so much robot-focused media that would come later in the 20th century. The robot harms a human, the human needs to destroy the robot.

We see anti-robot stories pop up especially during difficult economic times, like the 1930s and 1970s, something I’ve written about before at length. And if you’re wondering whether there were hard economic times in France during the 1890s, there certainly were—in the form of a double dip recession, no less.

But putting aside the potential message of the film (and the risk of taking it too seriously as a sign of broader social frustrations), the story of how this film was rediscovered is fascinating.

Bill McFarland of Grand Rapids, Michigan, drove a box of films that belonged to his great-grandfather to the Library of Congress’s National Audio-Visual Conservation Center in Culpeper, Virginia so that experts could take a look at what he had.

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McFarland’s great-grandfather was a man named William Delisle Frisbee who had worked jobs as a school teacher and a potato farmer in Pennsylvania, according to a blog post from the Library of Congress. But he also worked nights as a “traveling showman,” according to the Library.

“He drove his horse and buggy from town to town to dazzle the locals with a projector and some of the world’s first moving pictures,” the Library explains. “He set up shop in a local schoolroom, church, lodge or civic auditorium and showed magic lantern slides and short films with music from a newfangled phonograph. It was shocking.”

Frisbee died in 1937 and two trunks of his possessions were passed on through generations until they made their way to McFarland, who was unable to screen the movies from himself because of their condition.

The Library posted a video to Instagram talking about their acquisition of the film and how remarkable it is that such an old film was found. It’s estimated that as much as 90% of films made before 1930 are lost to history.

Other films in the trunks included another Méliès film from 1900 titled “The Fat and Lean Wrestling Match,” fragments of a Thomas Edison movie called “The Burning Stable.” Library technicians scanned the films in 4K to preserve them for future generations.

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The word “robot” wasn’t coined until 1920 for the Czech play R.U.R. by Karel Capek. But visions of artificial men date back centuries. And it’s incredible to see a robot from the 1890s depicted on film for the first time. Even if it’s just 45 seconds long.

Don’t give up hope if you’re longing to watch some movie that’s believed to be completely lost. You never know what someone may have in a dusty old trunk in Michigan.





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