Regardless of whether or not Vice President Kamala Harris or former President Donald Trump win the election on November 5th, both candidates will be forced to face major pressure points on the economy.

On the latest episode of Capitol Gains, Rachel Snyderman, Managing Director of Economic Policy from the Bipartisan Policy Center, joins Yahoo Finance’s Rachelle Akuffo, Washington Correspondent Ben Werschkul, and senior columnist Rick Newman to discuss all things economic policy, especially the future of the national debt and the expiration of temporary tax cuts that were enacted by former President Trump when he was in office.

“This is going to be the battle of 2025,” Snyderman says.

Many of the provisions passed in the Tax Cuts and Jobs Act, which was signed into law in 2017, are set to expire in 2025. They're something the new president and Congress will have to address shortly after taking office.

“This is going to touch nearly every single American and small business owner as we're going to be facing potential automatic increases in individual tax rates, income tax rates, and several other provisions in the code.”

To learn more, listen to Rachel’s thoughts in the full episode of Capitol Gains here.

For more expert insight and the latest market action, click here to watch more Capitol Gains.

This post was written by Lauren Pokedoff.