The economy was a key issue among voters this election season. So what does Trump’s win mean for the economy?

News 3 asked local voters what they think the economy will look like during Trump’s second term as president.

“I think it’s good for the economy. The S&P and the Dow have already hiked. This means the 401K I’m paying into retirement will increase greatly,” said Kim, a voter who asked to be identified only by his first name.

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US stock markets rose after Trump was declared the winner. The Dow Jones rose more than 3% and the S&P 500 rose nearly 2%.

Taxes are also an important issue among voters. Trump has talked at campaign rallies about wanting to eliminate income taxes.

Economist Bob McNab says what might happen instead: “The Trump administration tries to get both houses of Congress to pass an income tax cut. That would mean more money in people’s wallets.”

One voter says that although he disagrees with Trump’s rhetoric, he believes Trump will control inflation.

“It’s disheartening because of everything he stands for, he doesn’t represent what most of us stand for. But he listens to people. Groceries are way too high and expensive and the Democrats weren’t paying attention to that,” said voter William Harding.

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Americans could see more job growth, McNab says.

“Under the Trump administration, we would expect to see defense spending increase faster than in the last four years. More shipbuilding, more ship maintenance, which would lead to more jobs in the region,” said McNab.

Trump’s win would also mean more sanctions on the US-Mexico border.

“We should expect more border security and border funding,” McNab said.