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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

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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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Urban Meyer reacts to Sherrone Moore scandal after coach’s shock Michigan firing

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Urban Meyer reacts to Sherrone Moore scandal after coach’s shock Michigan firing


One of the best college football coaches of all time, Urban Meyer, lent some sympathy to Sherrone Moore — or at least his family — in the wake of the former Michigan head coach’s shocking firing last week. 

“Last night, I said a prayer for that family,’’ Meyer said on “The Triple Option Podcast,” speaking of Moore’s wife and daughters. 

“I mean, you’ve got three little girls,’’ said Meyer, who won a national title at Ohio State a little over a decade ago. “You’ve got a guy that was on top of the road a week ago.”

Urban Meyer reacted to the fallout of Sherrone Moore’s shock firing from Michigan. Getty Images
The former Michigan football coach was fired for cause after the university confirmed he had an inappropriate relationship with a. staffer. AP

That changed in stunning fashion, as Moore, a married father of three, went from leading the Wolverines to out of a job, fired in Ann Arbor for cause after the university confirmed he had an inappropriate relationship with a staff member.

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The situation only worsened when Moore was later arrested after he allegedly broke into the home of the staff member, and during an argument, grabbed butter knives and threatened to kill himself.

Sherrone Moore was charged on Friday with third-degree home invasion, a felony, as well as a pair of misdemeanors. AP

On Friday, he was charged with third-degree home invasion, a felony, as well as a pair of misdemeanors — stalking and breaking and entering.


Here’s the latest on former Michigan coach Sherrone Moore


Even Meyer, who created some controversy of his own during a brief, ill-fated tenure as head coach of the Jacksonville Jaguars — when he was seen on video in 2021 that showed him dancing suggestively with a woman who was not his wife and was later fired before finishing his lone season in Jacksonville — was stunned by Moore’s downfall.

“They’re up 6-0 on the Buckeyes at home,” Meyer said of Michigan’s early lead against rival Ohio State on Nov. 29. “And then, also, you wake up, and they’re in this situation. Rivalries aside, this is all human element. Now, this is something that, from what you read, that’s some serious stuff that went on. And just, all of a sudden, you start seeing the impact. Forget football. Who cares about football?’’

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Yaxel Lendeborg scores 29 points and No. 2 Michigan stays unbeaten with 101-83 win over Maryland

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Yaxel Lendeborg scores 29 points and No. 2 Michigan stays unbeaten with 101-83 win over Maryland


COLLEGE PARK, Md. (AP) — Yaxel Lendeborg had 29 points, a career-best nine assists and eight rebounds, and No. 2 Michigan rallied from a nine-point deficit Saturday night to defeat Maryland 101-83.

Aday Mara scored 18 points for the Wolverines (10-0, 2-0 Big Ten), who overcame a halftime deficit for the second time this season and the first since they beat TCU on Nov. 14.

Michigan scored 100 points for the fourth time in five games.

Diggy Coit made eight 3-pointers and scored 31 points for the Terrapins (6-5, 0-2), who lost center Pharrel Payne to a right leg injury late in the first half and forward Solomon Washington to ejection after he picked up his second technical foul early in the second half.

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Coit scored nine of Maryland’s first 10 points and 22 before the break, helping to prevent Michigan from opening a lead larger than six in the first half.

The Terps lost Payne, their leading scorer at 18.7 points a game, with 4:36 remaining before halftime. Yet Maryland stretched its lead from one to 50-45 at the midpoint, then expanded it to 56-47 on Elijah Saunders’ 3.

Washington, who had a first-half technical for celebrating a 3 in front of the Michigan bench, was called for a delay-of-game technical just after Saunders’ basket. His departure left the Terps without their two most experienced and imposing interior players.

Lendeborg took advantage, scoring the next eight points. Mara’s dunk with 14 minutes left made it 64-63 and gave the Wolverines the lead for good.

Elliot Cadeau’s layup with 21.2 seconds remaining got the Wolverines to 100 points for the fifth time this season.

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Up next

Michigan hosts La Salle on Dec. 21.

Maryland visits No. 24 Virginia on Dec. 20.

___

Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here. AP college basketball: https://apnews.com/hub/ap-top-25-college-basketball-poll and https://apnews.com/hub/college-basketball

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Aquinas College expands automatic acceptance to 2 more West Michigan high schools

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Aquinas College expands automatic acceptance to 2 more West Michigan high schools


GRAND RAPIDS, MI – After beginning a direct admittance program at one West Michigan high school in November, Aquinas College has now expanded the program to cover more classrooms.

The guaranteed admission program, first implemented for graduates of West Catholic High School with a 2.0 GPA or above, has now been expanded to Catholic Central High School in Grand Rapids and Muskegon Catholic Central High School.

The partnership will apply to students from all three schools entering college in the fall of 2026.

The direct admission program was described by Aquinas College leaders as offering high school students a “clear path to college success” while also continuing to develop partnerships.

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Aquinas College, a private Catholic liberal arts institution located at 1700 Fulton St. E, was founded by the Dominican Sisters of Grand Rapids in 1886.

The college has enrolled 1,262 students during the 2025-26 academic year, and its new student numbers are up, with 419 new students on campus this fall, up from 311 in 2024-25.

The college’s overall enrollment total is just slightly under the approximately 1,300 students Aquinas recorded across its campus in 2023-24, according to a press release sent out in January 2025.

This year’s partnership announcements do not mark Aquinas’ first direct admittance deal.

The college also has a direct admit bachelor’s in nursing partnership with the University of Detroit Mercy, which allows students to take core curriculum courses at Aquinas and nursing classes from Detroit Mercy faculty.

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On Nov. 14, Aquinas announced its direct admittance deal with West Catholic High School.

The school, located at 1801 Bristol Ave. NW, enrolled just over 500 students as of the 2024-25 school year, according to an online school profile.

West Catholic President and CEO Jill Wierzbicki said the initiative simplifies the college application process and offers students a straightforward path to higher education.

On Nov. 20, Aquinas then announced it had also partnered with Grand Rapids’ Catholic Central High School, 319 Sheldon Blvd SE, which enrolls 567 students and is the oldest co-educational diocesan Catholic high school in the nation.

Brian Matzke, vice president for enrollment management, said there’s “no doubt that Aquinas here has had more graduates from Catholic Central than any other school in our history.”

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On Dec. 10, the college announced another partnership deal with Muskegon Catholic Central High School, 1145 W Laketon Ave., which enrolled just under 300 students in 2023-24, according to the National Center for Education Statistics.

Jerry McDowell, Muskegon Catholic Central president, said both the high school and Aquinas share a “deep commitment to developing the whole student — academically, spiritually, and individually.

“This direct-admit program provides our graduates with an exceptional opportunity to transition confidently into higher education while maintaining the Catholic values that guide their formation,” McDowell said.

Aquinas’ listed price for traditional undergraduate tuition is $41,192, according to senior director of strategic communications Dave DeJonge.

Students are eligible for annual merit scholarships between $15,000-$25,000, depending on their GPA and housing status. Additional scholarships may be available. This applies to all students who are admitted to Aquinas.

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Matzke highlighted the direct admittance program’s easy transition from one West Michigan school to another, with those accepted to Aquinas able to live on campus or commute from home depending on what best fits their needs.

He also said a growing Grand Rapids job market, combined with support from the college’s career center, contributes to a 97% placement rate for graduates.



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