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

Michigan
Spring Sports Stars: Who is Michigan’s top junior in girls tennis?

It’s time to highlight some of the best of the best in girls tennis from across Michigan. MLive has compiled a list of some of the top junior girls tennis players from across the state, but we’re giving the readers the chance to crown the state’s top standout.
Readers will have until 9 a.m. on Monday, May 26, to cast their votes and the winner will be announced the following day.
Check out the candidates below and cast your vote below.
JUNIOR GIRLS TENNIS STARS
Daniella Ajao, North Farmington
Leslie Bahk, Rochester Hills Stoney Creek
Helen Benjamin, Detroit Country Day
Samantha Bieber, Chelsea
Hailey Burd, Otsego
Sophie Burns, Rockford girls
Adelie Chen, Portage Central
Ana Cheng, Mattawan
Chloe Cox, Forest Hills Central
Sophia DiPilla, Northville
Alison Doka, Rochester Hills Stoney Creek
Savannah Edwards, Swartz Creek
Addy Fales, Allegan
Alexis Gabriel, Utica Eisenhower
Ginger Golombisky, Owosso
Jiaqi Huang, Ann Arbor Huron
Julia Ivezaj, Wixom St. Catherine
Nainika Jasti, Troy
Jada Josifovski, Birmingham Seaholm
Emma Keeping, Imlay City
Elizabeth Kennamer, Clio
Keira Kirkland, Farmington Hills Mercy
Lauren Klawon, Bay City Central
Ellisen LaFay, Powers Catholic
Ashlee Michelson, Fenton
Harriet Ogilvie, Forest Hills Northern
Danica Rakic-Dennis, Ann Arbor Greenhills
Libby Reese, Lumen Christi Becca Brushaber Parma Western
Gabby Sadowski, Utica Eisenhower
Avery Taylor, Durand
Lucy Taylor, Chelsea
Caroline Torok, Bloomfield Hills Marian
Kenna Trost, Ann Arbor Father Gabriel Richard
Ally Tunnicliff, Flushing
Brynlee Williams, Dexter
Lolyana Yapchai, Powers Catholic
Lauren Ye, Ann Arbor Greenhills
Audrey Yu, Ann Arbor Pioneer
Michigan
Michigan college student Connor Lotterman killed at house party in ‘intentional’ shooting

A Michigan college student was killed when multiple gunshots were fired through the floor at a house party in an “intentional” shooting, according to reports.
Connor Lotterman, a 19-year-old engineering student at Grand Valley State University, was struck in the head by a recklessly shot bullet fired from an upstairs bedroom during the May 9 party, WOOD-TV reported.
The tragic scene unfolded just after 11 p.m. in Tallmadge Township, MI, 6 miles east of the school’s campus.
Officials say a 20-year-old suspected gunman unloaded several rounds from his own gun into the floorboards as 10-20 people were partying inside.
“The shooting was quite intentional,” Ottowa County Sheriff’s Office Capt. Jake Sparks told the outlet. “Multiple rounds were fired. It wasn’t like as if it were a one-shot accidental discharge. This was numerous rounds discharged. Although the result of the shooting led to an accidental death, this shooting was intentional.”
Lotterman was rushed to a local hospital in critical condition but died on May 10, three days shy of his 20th birthday.
The coroner’s officer ruled Lotterman’s death an accident, with alcohol suspected of playing a role.
“Encourage people to be smart, firearms and alcohol don’t mix that’s for sure,” Sparks said. “I think this situation could’ve been avoided without those things mixing.”
The suspected gunman has not been publicly identified as police and prosecutors are considering criminal charges in the fatal shooting.
Lotterman was the youngest of five and is survived by his parents, siblings, grandparents and nieces and nephews, according to an online obituary.
His sister mourned her younger brother in a touching birthday message posted to social media.
“Thank you for being the best little brother a girl could ask for,” Marielle Lotterman wrote in the tribute. “I am so thankful to God for the 20 amazing years you had on this earth.”
Lotterman was completing his second year at GVSU when he was killed.
“The Grand Valley community is saddened by Connor’s tragic death,” Dean of Students Aaron Haight said in a statement obtained by WOOD-TV. “On behalf of President Mantella, the Laker community extends our deepest sympathies to his family and friends.”
Michigan
Talking with Meredith from “The Office” who spent all weekend in Michigan

NOVI, MI – You know her as the sometimes wild and not always sober employee at Dunder Mifflin Paper Company.
We caught up with “The Office” star, Kate Flannery, who played Meredith on the hit comedy series from 2005 – 2013.
Flannery is one of around three dozen celebrity guests at Motor City Comic Con. The event’s final day this weekend is today and both Flannery and Leslie David Baker (Stanley) will be there today, as well.
Flannery told us about some of her favorite episodes.
“I have about 17, she joked, as you can see in our video interview. ”The one I’ll talk about now is “Rockin’ Christmas.” I just loved when Meredith thinks Michael Scott is taking her to get a cocktail, but instead, he’s dragging her to rehab. It’s kind of fantastic.”
And this isn’t Flannery’s first time in Michigan.
“I did a movie in Troy and Royal Oak called ”Dial a Prayer” with William H. Macy. I also did a stage show in 1993. We played in Pontiac. I went to Sign of the Beef Carver. I did that many times. Not once. Oh, and I played the Fox Theatre, too.”
Flannery says she enjoys returning to Michigan when she can. She says she’s thrown out a first pitch at a minor league baseball game in Midland, among other things.
“I love the vibe. I love the Michiganders. I did spend one St. Patrick’s Day here. It was very memorable.”
Flannery says she is somewhat like her character on the show, minus being an alcoholic.
“We had the best writers on TV. I did not write Meredith. Occasionally I get to improvise a little bit. My dad did own a bar in Philadelphia. If you invite me to a party, I will probably show up. I’m not completely like Meredith. I don’t drink as much as I would like to.”
-
Austin, TX1 week ago
Best Austin Salads – 15 Food Places For Good Greens!
-
Technology1 week ago
Mexico is suing Google over how it’s labeling the Gulf of Mexico
-
Politics1 week ago
DHS says Massachusetts city council member 'incited chaos' as ICE arrested 'violent criminal alien'
-
Politics1 week ago
President Trump takes on 'Big Pharma' by signing executive order to lower drug prices
-
News6 days ago
As Harvard Battles Trump, Its President Will Take a 25% Pay Cut
-
Education1 week ago
Video: Tufts Student Speaks Publicly After Release From Immigration Detention
-
Education1 week ago
A Professor’s Final Gift to Her Students: Her Life Savings
-
News1 week ago
Why Trump Suddenly Declared Victory Over the Houthi Militia