How Could the Trump Administration’s Policies Affect Your Portfolio?

How might the Trump administration’s key policies affect your portfolio? Focus Partners’ Kevin Grogan provides perspectives on the potential economic impact of two of Trump’s major policies—immigration and the corporate tax rate.

Since assuming office, U.S. President Donald Trump has labeled illegal immigration a national emergency. His administration has intensified mass deportation efforts, broadening the use of expedited removal. While opinions vary on the potential economic consequences, the impact of deportations will almost certainly depend on the scale. Most illegal immigrants seek economic opportunities, often working for lower wages than legal immigrants and U.S. citizens. If deportations reach hundreds of thousands, the economic effect will be minimal, but removing millions could negatively impact U.S. GDP, particularly in states like California, Florida, and Texas. On corporate taxes, Trump proposed lowering the rate from 21% to 15%, which would boost company profits and stock values. However, this proposal is well known, and market participants have likely incorporated the estimated odds of a corporate tax reduction into current prices.

Beacon Hill Private Wealth is an independent, fee-only, fiduciary investment advisor providing evidence-based wealth planning solutions that simplify our clients' financial lives. Founder Tom Geoghegan, CFP®, CIMA®, CPWA®, RMA® is also a member of the National Association of Personal Financial Advisors (NAPFA).      

For informational and educational purposes only and should not be construed as specific investment, accounting, legal, or tax advice. Certain information is based on third-party data and may become outdated or otherwise superseded without notice. Third-party information is deemed to be reliable, but its accuracy and completeness cannot be guaranteed. Neither the Securities and Exchange Commission (SEC) nor any other federal or state agency have approved, determined the accuracy, or confirmed the adequacy of this information. Please be advised that Beacon Hill only shares video and content through our website, Facebook, LinkedIn page, and other official sources. We do not post investment advice on WhatsApp, Telegram, other interactive applications, or other similar platforms. Rather, Beacon Hill provides investment advice only through individualized interactions. © 2025 Focus Partners Wealth. RO-25-4247790.