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Heres how Trump could affect your finances if he gets a second term.
This could mean continued lower federal income taxes for many North Carolinians.
Real Estate Market
A second Trump term could further augment North Carolinas booming housing market.
Trumps previous proposals to cut payroll taxes, which fund Social Security, could resurface.
Changes to healthcare policy such as eliminating the individual mandate might lead to higher premiums for some North Carolinians.
For those on Medicaid, proposed cuts could reduce coverage and increase out-of-pocket costs.
Small Businesses
Small businesses are the backbone of North Carolinas economy.
A second Trump term could continue to support small businesses through tax cuts and deregulation.
The extension of the TCJAs20% deductionon qualified business income would provide significant relief to small business owners.
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