The President released a message on National Small Business Week, praising American small businesses as a foundation of national strength. He noted that 36 million small businesses operate across the country and employ more than 45 percent of the workforce. The message highlighted the administration’s recent actions, including the signing of the One Big Beautiful Bill, which introduced the largest permanent tax cut for working families, expanded opportunity zones, and increased deductions for equipment purchases. The bill also made the small‑business tax deduction permanent, allowing owners to deduct 20 percent of qualified business income. In addition, the administration suspended enforcement of Beneficial Ownership Information reporting for small businesses, saving them nearly $130 billion in compliance costs. The President reiterated his commitment to reducing regulatory burdens and supporting domestic production.
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