The nonpartisan Congressional Budget Office has done an analysis of the federal economic stimulus package and predicts that while it will result in short-term growth and job creation (over the next year or so), the long term effects will likely include a "crowding out" of private investment, resulting in a lower gross domestic product.
When asked if increasing government spending or reducing taxes on business would best get the country out of the current recession, people responding to a recent CBS News poll answered as follows:
59% favored reducing taxes
22% favored increasing spending.
A similar question mentioned taxes in general rather than business-specific tax breaks. In response to this:
62% favor tax cuts