The economy has been a key issue for voters this election period. So what does a Trump victory mean for the economy?

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

“I think it’s good for the economy. The S&P and the Dow are already up. That means my $401,000 for retirement is going to go up significantly,” said Kim, a voter who only wanted to be identified by her first name.

See: What could a second term for Trump in the White House look like?

What could a second Trump term in the White House look like?

U.S. stocks rose after Trump was declared the winner. The Dow rose more than 3% and the S&P 500 rose about 2%.

Taxes are also a key issue for voters. During campaign rallies, Trump spoke of his desire to eliminate the income tax.

Here’s what economist Bob McNab says could happen instead: “A Trump administration would try to get both houses of Congress to agree to an income tax cut. That would mean more money in people’s wallets.”

One voter says that while he doesn’t agree with Trump’s rhetoric, he believes Trump will control inflation.

“It’s disheartening because everything he stands for doesn’t represent what most of us stand for. But he listens to people. The races are too expensive and Democrats don’t pay attention to them,” said elector William Harding.

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McNab says Americans could benefit from greater job growth.

“We would expect that under the Trump administration, defense spending will increase at a faster rate than in the last four years. More shipbuilding, more ship maintenance, which would lead to more jobs in the area,” McNab said.

Trump’s victory will also mean more control at the US-Mexico border.

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