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Temporary business tax breaks will exist for another year, as will federal benefits for those unemployed longer than 26 weeks.
FORBES: Fiscal Cliff: With Crisis Averted For Now, Investors Can Briefly Rejoice
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While the plan does appear to be timely, it's not yet clear how temporary the business tax cuts will be.
FORBES: A Little Too Little
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There are also proposals for a permanent research and development tax credit, temporary expensing of business investment, and payroll tax holidays.
FORBES: Understanding the Laffer Curve
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His proposals for additional, temporary payroll tax cuts and small business hiring incentives might have some merit.
FORBES: The President's Political Circus
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The business tax provisions are almost all temporary.
FORBES: What the New Tax Law Really Means and New 'Tax Price Points'
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Most applauded the economic stimulus package worked out by Congress and the White House, but said they'd go further with permanent, not temporary, tax cuts, and more incentives for business.
NPR: GOP Hopefuls Push Tax Cuts at Florida Debate
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The lapse in the estate tax and other tax provisions that were allowed to expire at the beginning of 2010 has left business groups wondering whether Congress will get around to passing a package of "extenders, " temporary tax breaks that are usually renewed before they expire.
FORBES: Magazine Article
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In recent months, the business community has scored a few major victories, chief among them a temporary extension of the Bush-era tax cuts and several other tax provisions, like renewal of the research and development tax credit.
FORBES: Are Relations Between The White House And the U.S. Chamber Of Commerce Thawing?