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Private Equity’s Favorite Tax Break May Be in Danger

Closing loopholes President Biden is expected to unveil a $1.5 trillion “human infrastructure” plan next week that will focus on education, child care and paid leave for workers, among other things. It would be paid for in part by new taxes on the rich, including the end of a tax break that lawmakers have tried to eliminate for years. The White House will propose a major change to capital gains…