President Donald Trump issued a proclamation on November 4 marking National Entrepreneurship Month, pledging to slash regulations and expand support for American small businesses. The White House statement outlined plans to eliminate ten regulations for every new one created.
The presidential proclamation signals renewed focus on deregulation and tax policies aimed at small businesses and startups. With 34 million entrepreneurial ventures generating over 40% of U.S. economic activity, the administration sees regulatory reform as key to maintaining competitive advantage.
“Entrepreneurs have always been the heartbeat of our country and the engine of its unmatched competitive spirit,” Trump declared in the message. The president criticized what he called “suffocating regulation, crushing taxes, and needless bureaucracy” that have historically impeded innovation.
The administration highlighted several policy initiatives supporting entrepreneurs. These include preserving the 199A small business tax deduction and backing cryptocurrency and blockchain development.
“Under my leadership, bureaucracy will never be a barrier to success—and I will restore the freedom that allows American ingenuity to thrive,” the president stated. The message emphasized immediate expensing for business research and development costs.
Trump’s Made in America Manufacturing Initiative promises $100 billion in regulatory cuts. The program also strengthens protective tariffs against what the administration calls unfair foreign competition.
“This is the Golden Age for American enterprise—one that will keep our country the greatest force for prosperity and wealth the world has ever known,” Trump proclaimed. Small businesses currently create two-thirds of new private sector jobs nationwide.
The presidential message arrives as entrepreneurs face evolving challenges in technology sectors and traditional manufacturing. November’s designation as National Entrepreneurship Month reflects ongoing efforts to position deregulation as economic strategy.