Michigan

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

Published

1 year ago

October 5, 2024

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

Joseph Sohm / Shutterstock.com

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.

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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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Michigan

Opportunity knocks for Michigan’s guards with L.J. Cason out

Published

9 hours ago

March 2, 2026

Press Room

Opportunity knocks for Michigan’s guards with L.J. Cason out

Ann Arbor — The Wolverines won the outright Big Ten regular-season title with two games to go, but it came at a great cost.

L.J. Cason, Michigan’s backup point guard and a key piece of the rotation, tore his right ACL in the championship-clinching win at Illinois. Just like that, Cason’s season was over and Michigan was hit with a brutal blow.

But when adversity strikes, opportunity knocks. While the team won’t be the same without Cason, coach Dusty May believes Michigan has backcourt pieces who can step up and make up for the loss.

“This is a great opportunity for Roddy (Gayle Jr.), Trey (McKenney) and Nimari (Burnett) to play more, and those guys are really good players,” May said Monday. “Our rotation has been nine and nine, I think, is too deep. It’s playing too many guys, if you want to optimize everyone. But we felt like we had nine guys that deserved to play, that gave us a different element.

“We look at this as another challenge, but it’s also an opportunity for guys to play a little bit more, to play longer periods, to play through a mistake, to play a little bit different role. We do feel like these guys are a lot better than they were earlier this year, so we’re prepared to handle whatever comes at us.”

May said he doesn’t know exactly when Cason tore his ACL, and neither does Cason. The sophomore guard fell to the court and got up favoring his right leg on two separate occasions against Illinois.

The first instance came in the final minute of the first half, when Cason tipped a long rebound ahead and chased it down to start a fast break. After he grabbed the ball in the air and bounced it backward between his legs to a trailing teammate, Cason went down. He got up hobbling, was subbed out and went back to the locker room.

Cason briefly checked back in during the second half and scored a driving layup a minute into his shift. But on Michigan’s next possession, he fell down after trying to score through contact and got up limping again. Shortly after that, Cason motioned to the Michigan bench to be taken out of the game and he exited for good.

“At halftime, the training staff came and said basically he’s passed all of his jump test. He just did the bike. He says he’s 100% ready to go. I was surprised, because I was expecting him to be out,” May said. “I said, ‘What about the test?’ They said both of his knees are loose, so it’s hard. We don’t feel that anything is torn.

“He comes back in. He lands funny again. … It’s unfortunate for him because he was playing so well. When an ACL pops on a noncontact injury, you’re like, ‘Man, what could we have done different?’ When it happens on a funny, quirky play, usually those are the ones that aren’t preventable.”

May added it hasn’t been determined yet when Cason will undergo surgery. Given the typical recovery timeline for a torn ACL ranges anywhere from nine to 12 months, May said Cason redshirting next season is a possibility that’s “on the table.”

“That’s certainly been discussed as well, and then that impacts the recruiting decision-making,” May said. “But right now, we’re still trying to figure out when he’s going to have it. What’s the timeline? Does it make sense to go ahead and sit out next year? … We haven’t made any definitive decisions, because all the information is so inconclusive.”

Moving forward, the plan isn’t to have just one guy replace Cason, who averaged 8.4 points and 2.4 assists in 18.6 minutes per game, shot 40.2% from 3-point range and served as a facilitator when starting point guard Elliot Cadeau wasn’t on the court. It’ll be a by-committee approach.

That said, Cason’s absence is certainly going to put much more on Cadeau’s shoulders. The Wolverines can ill afford to have Cadeau commit unnecessary fouls and miss long stretches at a time. Without Cason, Cadeau is the one guard who can break down opposing defenses off the dribble and create for others.

“This will force Elliot to be much more solid with his defensive decision-making when it comes to fouling,” May said. “He doesn’t have that insurance policy anymore named L.J. behind him, because L.J. came in and carried the load several games for our group. That’s not there anymore.”

While Burnett, Gayle and McKenney haven’t had to be facilitators in their roles this season, May expressed confidence all three can take on minutes with the ball in their hands and initiate the offense.

Even beyond the guards, May noted the team has “other capable weapons” who can serve as triggers on offense depending on the matchup, like forwards Yaxel Lendeborg and Morez Johnson Jr. and big man Aday Mara.

Add it all together, May feels the Wolverines can find a way to absorb the blow, fill the void and forge ahead with Cason sidelined.

“We have enough to overcome what L.J. brought to the team,” May said. “I don’t know if he’s the best backup point guard in the country, but I can’t think of one that’s better. We’re losing a lot, but once again, we’re not going to sit here and look at it from that angle.

“This is an opportunity for all these other guys to do a little bit more, and they’re more than capable. It’s on us to find the right rotations and situations. Without a doubt, we have a lot of confidence in our roster.”

jhawkins@detroitnews.com

@jamesbhawkins

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Michigan State Police patrol car damaged in hit-and-run on Lodge Freeway in Detroit

Published

21 hours ago

March 2, 2026

Press Room

Michigan State Police patrol car damaged in hit-and-run on Lodge Freeway in Detroit

Nick Lentz

Updated on: March 1, 2026 / 11:08 PM EST
/ CBS Detroit

The Michigan State Police is looking for the driver of a Jeep that the agency said hit one of its patrol cars on Lodge Freeway in Detroit Sunday night.

According to officials, the incident happened at 7:50 p.m. on the northbound side of the freeway near Shaefer Highway. The agency said a trooper was investigating a crash and had the patrol car parked on the right shoulder of the freeway with its emergency lights on when it was rear-ended by the Jeep.

“The impact forced the patrol car to strike the concrete wall on the right shoulder,” according to the agency.

A damaged Michigan State Police patrol car on the side of Lodge Freeway in Detroit on March 1, 2026, after it was hit by a Jeep.

Michigan State Police

The Jeep then went across three lanes of the freeway and hit a median wall, officials said. The driver, identified by law enforcement as a 29-year-old Detroit woman, left the vehicle and fled the scene.

Michigan State Police First Lieutenant Mike Shaw said that while the trooper was evaluated and cleared at the scene by medical personnel, he was still taken to the hospital as a precaution.

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

Published

1 day ago

March 1, 2026

Press Room

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.

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

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.

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.

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.

The Hoosiers have once again positioned themselves as one of the nation’s elite teams, ready to challenge for another top-three finish at the NCAA Championships in March.

Michigan women continue building momentum

The Michigan women left Minneapolis with its first Big 10 title since 2018 and the Wolverines’ 18th all-time, the most in conference history.

The Michigan women started the season ranked tenth in the CSCAA Top 25, one spot behind Big 10 rival Indiana. Since December they’ve moved into the top four and have cemented themselves as one of the best teams in the country.

“We had a really great team this year,” senior Devon Kitchel told Yahoo Sports. “Throughout the season we consistently worked hard and continually improved. By the time B1Gs came we were ready to go.”

As a team Michigan won eight individual events, took first in four of the five relays and medaled in five additional events.

Bella Sims lead the charge for the Wolverines. The junior transfer won two out of her three individual swims and was named Swimmer of the Championships, the first for Michigan since Maggie MacNeil won it three times between 2020-22.

As a team, Michigan put eight athletes of a possible 17 on the All-Big 10 First Team. Along with Sims, eight-time Big 10 champion Stephanie Balduccini, eight-time Big 10 champion Brady Kendall, five-time Big 10 champion Letitia Sim, and five-time Big 10 champion Hannah Bellard led the way for the Wolverines.

Michigan will now turn its focus to the NCAA Championships in March, where the team will attempt to improve on its ninth-place finish in 2025.

Welcome to the Big 10, Bella Sims

Bella Sims is finding her groove in Ann Arbor.

Sims swam in seven Big Ten finals, which included the 200-yd and 400-yd IM’s, the 100-yd backstroke, and four relays. She finished the meet with five gold medals and two silvers.

In her first two years of collegiate swimming Sims was a three-time NCAA champion, thirteen time All-American, and nine time SEC champion. However, all three of her NCAA titles came during her freshman season at Florida.

The Las Vegas native has represented the United States at the Olympics and World Championships and transferred to Michigan to finish her collegiate career.

Now approaching her third NCAA championship meet, Sims has momentum on her side. Although she is yet to go a personal best this season, Sims is leading the Michigan women to new heights in 2026.