Trump-era tax cuts due to expire in late 2025 could take center stage this election, as both leading candidates — sitting President Joe Biden and former President Donald Trump — say they are willing to extend the deadline. Trump even proposed replacing income tax with tariffs, which Treasury Secretary Janet Yellen said would "make living unaffordable" for Americans.

Yahoo Finance Senior Columnist Rick Newman sits down with Market Domination Overtime to talk about the impacts of a tax break extension on the country's national debt and how the topic could rear its head in presidential debates this year.

For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime.

This post was written by Luke Carberry Mogan.