The tax-cut package includes several breaks to encourage investment by corporations and small firms. Accelerated "expensing" would allow businesses to write off the cost of spending on facilities and equipment up front in 2011, rather than doing so gradually over several years. The White House estimates this could generate more than $50 billion in additional investment during the year.
The deal also calls for a two-year extension of the tax credit for research and experimentation by businesses.
