Consumers won't be the only ones opening their wallets this holiday season, USA Today reported. Businesses are expected to step up capital spending the next few weeks to take advantage of a tax break good through Dec. 31.
Business investment could dip next year when the benefit is cut in half, but surveys show companies plan to continue to spend some of their large cash reserves on new equipment to increase productivity and replace worn gear.
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Businesses in holiday spending mood
Increase in capital spending is expected over the next few weeks