The tax cut package recently passed in Washington aims at freeing up some money for people and businesses to spend.

It's called "100% Expensing," and it gives businesses a tax break that officials hope will allow companies to spend...something they've recently been reluctant to do.

Having money is good for a business, but spending it is good for the economy. The "100% Expensing" policy allows businesses to fully write off productive investments.

With the immediate write off, companies will have a lower taxable income and more money to spend. "We don't have the luxury of buying new vehicles and writing them off in a short period of time. It encourages you to continue to repair your older vehicles. These type of things are very beneficial to the business community," said Danny Isaac of A&I Fire & Water Restoration.

Isaac has operated in the Grand Strand business landscape for nearly 40 years. He says the move encourages businesses to invest in their future by writing off items that tend to depreciate - like trucks and machinery - and to expand business operations and even hire workers. "It employs people, gives people jobs and it's just overall better for everybody. I think this provision will work in Myrtle Beach. I think it'll work in the state. I think it'll work in the country. It encourages people to invest in their business, to invest in the future."

While this provides some hope, business owners admit, it will take more than hope to spend their money. "People are cautious until they know where our government is and how sound our tax laws are and how sound our economy is. I think people are apprehensive to spend money," Isaac said.

So, there's no question apprehension still exists. One business owner I spoke with Monday told me the tax break incentive won't necessarily cause him to run out and spend. He'd like to see a lot more stability in the economy before that happens.

The US Treasury Department estimates that more than 2 million businesses will take advantage of the tax break. It could generate roughly $50 billion in added investment.