[Federal Register Volume 84, Number 214 (Tuesday, November 5, 2019)]
[Presidential Documents]
[Pages 59701-59702]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-24279]
Presidential Documents
Federal Register / Vol. 84 , No. 214 / Tuesday, November 5, 2019 /
Presidential Documents
[[Page 59701]]
Proclamation 9959 of October 31, 2019
National Entrepreneurship Month, 2019
By the President of the United States of America
A Proclamation
Throughout our American story, the trailblazers who
have been willing to take great risks and chart new
frontiers have changed the landscape of business,
science, and technology, often setting the global pace
for productivity and prosperity. Their relentless
pursuit of success has launched new industries, created
millions of jobs, and fueled an economy that is the
envy of the world. During National Entrepreneurship
Month, we recognize the men and women who have turned
their passion into innovation, and we pledge to
continue fostering economic freedom so the next
generation of transformational entrepreneurs is able to
unlock their full potential.
Our Nation is home to the greatest entrepreneurs in the
world because we provide an environment in which they
can thrive. American entrepreneurs have access to an
unmatched research and development infrastructure that
includes 8 of the world's 10 most innovative
universities. Additionally, our Nation's highly
developed private capital markets and other alternative
investment models provide our entrepreneurs with access
to necessary funding to develop and commercialize their
revolutionary ideas. We have a strong intellectual
property rights system, and my Administration has
aggressively responded to the theft of American
intellectual property in order to protect our
entrepreneurs' most valuable assets--their ideas and
innovation.
To help entrepreneurs succeed, my Administration
continues to reduce unnecessary regulations, bolstering
investment and improving global competitiveness for
small business owners. We have cut 8.5 regulatory
actions for every significant regulatory action added,
setting up our country's bold risk-takers for success
rather than hindering their undertakings with
burdensome red tape. These efforts have helped create
ripe conditions for entrepreneurs to flourish,
encouraging business expansion and increasing hiring
for startups.
The United States economy and the American people are
also continuing to reap the benefits of the Tax Cuts
and Jobs Act that I signed into law during my first
year in office. Entrepreneurs are one of the biggest
beneficiaries of this landmark legislation, which
delivered much-needed tax relief for small businesses.
Certain pass-through businesses are now able to deduct
20 percent of their qualified business income and
business owners can fully deduct the cost of new
capital investments, endowing start-ups and small
businesses with a greater percentage of their hard-
earned revenue for further investment. Additionally,
this historic tax reform legislation includes a key
provision that creates Opportunity Zones, helping to
facilitate the necessary funding for entrepreneurs to
start new businesses and create jobs in economically
depressed communities. The Opportunity Zone tax
incentive will unlock resources for entrepreneurs to
substantially grow and scale their businesses at
unprecedented rates while simultaneously reinvigorating
struggling communities.
The results of my Administration's tax reform and
focused deregulation have been tremendous. Since my
election, the American economy has added more than 6.4
million jobs, and last month the unemployment rate
dropped
[[Page 59702]]
to a half-century low. We remain committed to extending
economic opportunities further and ensuring that the
economic boom currently taking place across our country
provides opportunities for all Americans.
The qualities needed to start and grow new businesses--
industriousness, courage, determination, hard work, and
a penchant for innovation--are those which continue to
define the American spirit and push humankind to new
levels of discovery and success. This month, we
recognize the countless American entrepreneurs who
embody these values and continue to redefine the limits
of what is possible. Together, we celebrate their drive
and boundless tenacity, and we reaffirm our support for
them as they continue to shape and strengthen our great
Nation.
NOW, THEREFORE, I, DONALD J. TRUMP, President of the
United States of America, by virtue of the authority
vested in me by the Constitution and the laws of the
United States, do hereby proclaim November 2019 as
National Entrepreneurship Month. I call upon all
Americans to commemorate this month with appropriate
programs and activities and to celebrate November 19,
2019, as National Entrepreneurs' Day.
IN WITNESS WHEREOF, I have hereunto set my hand this
thirty-first day of October, in the year of our Lord
two thousand nineteen, and of the Independence of the
United States of America the two hundred and forty-
fourth.
(Presidential Sig.)
[FR Doc. 2019-24279
Filed 11-4-19; 11:15 am]
Billing code 3295-F0-P