President-elect Barack Obama's proposed stimulus package would provide businesses with billions of dollars in refunds on taxes they paid several years ago.

The refunds are popular among business groups and could increase pressure on Republicans to support Obama's massive stimulus package, even though most of them are wary of government spending increases that could send its total cost to $800 billion or more.

"This gives companies an infusion of cash just when they need it," Dorothy Coleman of the National Association of Manufacturers said of the proposed refunds.

Obama's proposal to stimulate the economy includes tax cuts of up to $300 billion, including more than $100 billion for businesses.   Read More...