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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?

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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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Body of 13-year-old boy who went missing in Lake Michigan waters recovered by Indiana officials

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Body of 13-year-old boy who went missing in Lake Michigan waters recovered by Indiana officials


The body of a 13-year-old boy who went into Lake Michigan waters at a northwest Indiana beach and didn’t resurface has been recovered, according to the Indiana Department of Natural Resources.

The recovery was confirmed to NBC Chicago Wednesday morning. It comes two days after officials say the boy went swimming at Washington Beach in Michigan City with a group of friends.

No further details on the boy’s identity have been released.

Searches for the boy were suspended Monday night and Tuesday due to “challenging water conditions” and high waves. All day Monday, Lake Michigan beaches in Wisconsin, Illinois, Indiana and Michigan were under a high swim risk with a beach hazards statement from the National Weather Service in effect.

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The statement warned of dangerous waves as high as five feet, and “life threatening currents.”

The incident unfolded about 5:43 p.m. Monday at Washington Park Beach, with Michigan City police responding to the beach for a possible drowning. Witnesses say they saw a child wearing red shorts enter the water on the east side of the catwalk just south of the lighthouse and then disappear beneath the surface.

Dangerous water conditions “significantly complicated search efforts,” Michigan City police said. About 10:44 p.m., police posted an update saying dive operations had been suspended “due to hazardous conditions that posed a risk to responder safety.”

According to the update, three of the four MCFD divers sustained minor injuries during the search and were transported to a nearby hospital for evaluation. A DNR diver was also injured, police said, and was evaluated on scene.

“Strong currents, changing wave action, and limited visibility beneath the water can quickly overwhelm even experienced swimmers and rescuers,” police said. “We urge everyone to pay close attention to beach conditions, heed all posted warnings, and stay out of the water when hazardous conditions are present.”

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According to the Great Lakes Surf Rescue Project, there have been 23 Great Lakes drownings to date in 2026. 12 of those, the site showed, have been in Lake Michigan.



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Michigan basketball champ Yaxel Lendeborg joins Warriors, gets chance to learn from Curry, Draymond Green

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Michigan basketball champ Yaxel Lendeborg joins Warriors, gets chance to learn from Curry, Draymond Green


NEW YORKMichigan Wolverines national champion Yaxel Lendeborg grew up rooting against Stephen Curry and Draymond Green; now he’ll be learning from them.

The Golden State Warriors selected him with the No. 11 overall pick in the 2026 NBA draft on Tuesday night, adding a versatile, defense-first playmaker from a national championship team to a franchise built on championship standards.

“It’s a full-circle moment for me,” Lendeborg said after being drafted.“I’ve been saying this every time I get asked this question, but in 2016, I’m a big Kyrie guy, so I used to hate Steph Curry. So now that I’m actually gonna be on the same team with him, play and actually learn so much from him, it means a lot.”

Lendeborg said Curry’s reputation extends beyond the court.

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“I met him a couple of times. He’s a very great guy, genuine person, and it’s gonna be an honor to be able to watch him do what he does in person,” Lendeborg said.

Lendeborg is coming off a breakout season at Michigan, where he helped former coach Dusty May’s Wolverines win a national championship.

He became one of college basketball’s top defenders, earning a spot on the Big Ten All-Defensive Team while developing into a versatile forward who could impact the game on both ends.

“I feel like what will translate quickly for me would be just my defense, my versatility,” Lendeborg said. “Just the IQ of the game, making the right reads, making the play at the right time.”

In Golden State, Lendeborg will also have a chance to learn from veteran Draymond Green, the longtime Warriors leader and Michigan State Spartans legend, known for defense, playmaking, and voice in the locker room.

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One immediate adjustment will be a new jersey number.

Lendeborg wore No. 23 at Michigan, but Green wears it for the Warriors.

Lendeborg joked that his backup choice, No. 3, is also unavailable.

“I think now that I’m stepping into the NBA, I’m going to step in with another number and start a new legacy,” Lendeborg said.

He also carried his Michigan rivalry energy with him on draft night. Asked if he would wear Michigan State gear to convince Green to give up No. 23, Lendeborg quickly said no.

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“Nah, I’m not doing that, man,” Lendeborg said. “I hate those guys. I only been there for one year, but I definitely hate those guys.”

Lendeborg pointed to Michigan’s success against the Spartans during its title run.

“They can’t really say much because I went 2-0 against them this year,” Lendeborg said. “They’re gonna be little brother for me forever.”

Lendeborg also said his decision to return to college for another season helped him develop before making the jump to the NBA.

“When I was getting recruited by Dusty, he said he was going to make me a lottery pick,” Lendeborg said. “Evidently, he made me a lottery pick.”

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“I went back because I didn’t feel like I was ready yet,” Lendeborg added. “I wanted to become a better person, better player. I wanted to develop pro habits.”

Michigan’s championship group shared draft night moments as several Wolverines were selected in the first round.

Lendeborg said the players stayed connected throughout the process.

“We were all super excited, super nervous,” Lendeborg said. “We were just talking about who we think is going to go first, who’s going where.”

He also joked that Dusty May would leave Michigan for the Dallas Mavericks after the title, then select teammate Morez Johnson Jr. No. 9 overall.

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“I’m definitely mad at Dusty right now because we know who his favorite is now,” Lendeborg said.

Despite the banter, he said he was happy for his former teammate.

“I’m super happy for Morez. He definitely deserves it, and he’s going to be a great pro for sure,” he said.

Now Lendeborg heads to Golden State with the confidence of a champion and the chance to learn from champions.

“I’m super excited,” Lendeborg said. “I’m excited to be there and play

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5 Michigan-themed coffee mugs to browse during Prime Day 2026

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5 Michigan-themed coffee mugs to browse during Prime Day 2026


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Prime Day is in full swing, and as Michigan residents scroll though deals, there are Michigan-themed coffee/tea mugs to consider, perhaps for a gift or to spice up your morning sip.

Amazon Prime Day — the 4-day event of discounted items for Prime members — begins at 3:01 a.m. ET on Tuesday, June 23, and ends at 2:59 ET, on Friday, June 26.

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Here are five fun Michigan-themed mugs to consider as you shop for deals this week:

Michigan coffee mug by Primitives by Kathy

The 18-fluid-ounce Michigan-inspired stoneware mug is designed to represent the state with its scattered wraparound design. It includes a large outline of the state and a deer, surrounded with key words such as “yoopers,” “fudge,” “Big Mac,” “dunes,” “Great Lakes,” “we’re smitten in the mitten,” and others.

It is priced at $11.48 on Amazon Prime. Primitives By Kathy is the name of the company.

Sip and admire a detailed map of Michigan by Xplorer Maps

The founder and owner of the company, Xplorer Maps, illustrates maps by hand on everyday items such as a mug. On Amazon, there is a 16-fluid-ounce mug available that features a map of Michigan on one side with landmarks, and other illustrations of what Michigan is known for on the other side.

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It is priced at $19.99 on Amazon Prime.

Represent Michigan with a Detroit Lions coffee mug

There are several Detroit Lions-themed coffee mugs available on Amazon Prime. One design by Rico Industries is a 12-ounce campfire mug fully coated in the iconic honolulu blue shade with a speckled print and the team’s logo.

It is priced at $16.52 on Amazon Prime.

On-the-go Michigan-inspired travel mug

In another busy Michigan design, Swig Life’s 22-ounce insulated travel mug is scattered with the state’s landmarks and key illustrations. The travel mug is cup holder friendly and is stainless steel with a handle.

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It is priced at $30.07 on Amazon Prime.

Simple Michigan coffee mug deal on Prime Day

For those who are looking for a more straight-forward design, the coffee mug by Andaz Press via Amazon is perhaps an option. The 11-ounce mug includes a simple print of Michigan’s silhouette with the word “home” beside it.

It is priced at $14.21 on Amazon Prime.

Contact Sarah Moore @ smoore@lsj.com



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