In 2010, President Obama proposed more generous tax write-offs for businesses that invest in additional equipment in order to stimulate investment spending.

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This statement is true. President Obama proposed more generous tax write-offs for businesses that invest in additional equipment in order to encourage investment and stimulate the economy in 2010. This policy was known as the Bonus Depreciation Provision.

In 2010, President Obama Proposed More Generous Tax Write-Offs for Businesses