On Thursday, the House plans to vote on a plan by House Majority Leader Eric Cantor, R-Va., to provide 20 percent tax deductions to all businesses with fewer than 500 workers — a threshold that includes 99.9 percent of all U.S. companies.

Republicans say that plan would spur job creation, while Democrats call it a giveaway to business because firms would not have to hire employees to receive the reduction.
http://www.washingtonpost.com/business/economy/tax-day-sets-stage-for-long-political-fight-that-will-dominate-white-house-race-and-congress/2012/04/16/gIQAS1WoKT_story.html

I’m not sure how this reduced tax revenue plan addresses the deficit.