Promises fewer rules: for every new rule, ten old ones would be scrapped, which could make starting and running a business easier
Lets companies write off research costs right away and signals support for digital money and blockchain startups
Keeps a tax break that lets many small businesses deduct part of their income, which could lower their tax bills
Plans to cut $100 billion in what it calls unnecessary rules and raise some import taxes to protect American factories, which could also raise some prices
Many points are goals, not detailed plans; some changes may need new laws or could face court fights, so timing and details are uncertain
Small BusinessTaxesTradeCryptocurrencyEconomy
Source Information
Document Type
White House Statement
Official Title
Presidential Message on National Entrepreneurship Month
