Five Key States That Could Prosper Economically Under a Second Trump Term

If Donald Trump regains the presidency, some states may see significant economic benefits. While his future plans remain uncertain, past actions and current promises give clues to potential policies that could impact local economies.

Many undecided voters may be influenced by the prospect of job growth, tax reductions, and immigration reforms—topics that resonate strongly during this election cycle. According to Ryan Waite, vice president of public affairs at Think Big, several states stand to gain the most if Trump is re-elected. Below are Waite’s picks and the reasons behind them.

Texas

Waite suggests that Texas could gain significantly from Trump’s support for energy policies, especially in oil and gas production. Being the leading crude oil- and natural gas-producing state, Texas may benefit from policies that reduce regulations and favor fossil fuels.

“Deregulation and backing for fossil fuel industries would likely enhance the state’s economy and job market,” he explained. In the 2020 election, Trump secured 52.1% of the Texas votes, amidst a strong Republican presence in the state.

Learn More: I’m an Investor — I’m Making These Money Moves Immediately If Trump Wins

Check Out: I’m an Economist — Here’s My Prediction for the Housing Market If Trump Wins the Election

Florida

Florida also appears poised for growth, largely thanks to favorable tax policies and tourism development. Waite noted that Trump’s potential tax cuts and deregulation measures could attract businesses and fortify the state’s tourism sector.

In 2020, Trump won Florida with 51.2% of the votes. His previous success in 2016, where he received 49%, indicates a close political climate in the state.

Try This: I’m an Economist — Here’s My Prediction for Social Security If Trump Wins the 2024 Election

Ohio

In Ohio, Waite believes that manufacturing incentives and trade policies could protect domestic jobs. Trump’s focus on boosting local industries aligns with his campaign ambitions to stop outsourcing and foster domestic production.

During the 2020 election, Trump captured 53.3% of the Ohio vote, reflecting a solid Republican foundation in the state.

Pennsylvania

Trump’s energy policy promises could also resonate in Pennsylvania, where significant natural gas and coal industries exist. Waite remarks that policies promoting fossil fuel development could lead to job creation here.

Although Trump lost Pennsylvania in 2020 with 48.8% of the vote, previous elections show a fluctuating political landscape in the state.

Arizona

Finally, Arizona may thrive under Trump’s border security measures and trade policies with Mexico. Waite highlights the economic potential in enhancing border infrastructure and trade agreements.

Trump received 49% of the Arizona vote in 2020, resulting in a loss for his campaign, but he narrowly won in 2016 with the same percentage.

Waite notes an interesting trend: many states that could thrive under a Trump administration are also key battlegrounds for the upcoming election. As voters consider the implications of a second Trump term, economic advantages may influence their decisions.

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: 5 States That Would Likely Benefit the Most Economically From a Second Trump Presidency

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.