Obama Business Deduction Invites Gaming Tax System

Obama Business Deduction Invites Gaming Tax System

Brendan Smialowski/Bloomberg

In a speech today in Cleveland, Obama will propose a planto let companies, through the end of 2011, deduct the full costof capital investments in the year the expenditures are made, instead of writing off the expenditure over periods of as many as 20 years, White House officials said.