Why Private Equity’s Favorite Tax Break May Be Eliminated Related Stories March 26, 2021 January 13, 2021 January 7, 2021 Private equity’s most lucrative tax break is in peril once more. U.S. President Joe Biden exits after speaking in the Eisenhower Executive Office Building in Washington, D.C., U.S., on Wednesday, April 21, 2021. Biden announced that the U.S. will achieve its goal on Thursday of giving 200 million vaccine shots in his first 100 days in office, while pivoting to a new phase of the campaign by urging businesses to make vaccination as accessible as possible. Photographer: Sarah Silbiger/Bloomberg Included in President Joe Biden’s plan to fund an ambitious expansion in social spending, released Wednesday, is a call on Congress to abolish the preferential treatment given to a key method of compensation for private equity managers.