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Is theirincomegoing up, down or will it stay the same?
Heres what we learned below.
If Trump wins, middle-class paychecks in states like Texas could rise, Ambrose said.
He explained why Texas is well-positioned for potential gains.
Thomas J. Brock, CFA, CPA and an expert withAnnuity.org, agreed that Texas could see benefits.
This could greatly benefit middle-class workers in states with strong manufacturing, energy production and agricultural sectors.
These states are likely to feel the positive impact of his economic agenda, especially for middle-income earners.
The benefits of the law tilt toward the well-off both now and in the future.
Trumps take on trade, and in particular, his proposed tariffs could have unintended consequences for middle-class consumers.
So, atypical middle-income householdmight face about $1,700 in increased taxes each year due to these tariffs.
The Final Word
As always, a disclaimer.
Keep in mind that the economy doesnt operate in a vacuum.
No matter what, middle-class Americans should stay informed about potential changes.
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