On the latest episode of Capitol Gains, Tobin Marcus, Wolfe Research Head of U.S. Policy and Politics, joins Yahoo Finance's Rachelle Akuffo, Washington Correspondent Ben Werschkul, and Senior Columnist Rick Newman to discuss how the Harris-Walz ticket changes conversations around tax policies in the coming year.

Marcus says that before Biden dropped out of the race, "all of our conversations with investors were very, very focused on planning of that Trump eventuality." The Harris-Walz campaign's positive reception has changed that. No matter who wins, taxes will be "one of the hottest policy debates next year," says Marcus, noting that $4 trillion worth of tax cuts expire at the end of 2025 and "no one wants to let those expire." While Trump wants to extend them completely, the Biden administration has proposed to extend them only for households below $400,000. Harris is likely to maintain the Biden administration's position on taxes, but both Harris and Trump would need to get any changes through Congress if elected.

Listen to the full episode of Capitol Gains here.

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This post was written by Meredith Lawrence.