There's good news and bad news.  Here's the low-down.   Dean Zerbe offers his take at Forbes on how the current deal will affect small-business owners: ...

Ambitious plans to overhaul the individual tax code, tackle corporate rates, revamp the Medicare program and consider changes in Social Security appear to have given way mainly to a tax increases for big earners Jennifer Steinhauer of the New York Times reports that "doing business in pieces" seems to be :the nature of what constitutes progress in such a sharply divided political world."  More: ...