In remarks at a small business in Beltsville, Md., today, President Obama referenced a new Treasury Department report outlining the benefits of his proposed 100 percent tax deduction for businesses of all sizes for investments in upgrades of plants and equipment for an entire year. The new policy, he said, means that businesses “are able to write off immediately that depreciation in one year…that means they’re going to have additional money to invest in workers and in other plants and equipment.”