The latest restaurant CEO to bellyache about Obamacare: Subway [View all]
Perfect timing. Their "Februany" promotion that lets you have something other than bare-bones footlongs* for $5 ends tomorrow. And I already have my lunch for tomorrow safely in the cube.
*-actual length may vary
http://www.cnbc.com/id/100501700
Fred Deluca, the founder of privately-held Subway Restaurants, said government regulations are hurting small businesses and that this environment has prevented entrepreneurs from creating value in the market. "If I started Subway today, Subway would not exist," Deluca told CNBC's "Squawk on the Street" Wednesday....
The Subway founder pointed to a number of government regulations that are degrading the business environment for entrepreneurs. Examples include the Affordable Care Act, an increase in the minimum wages and the end of the payroll tax holiday.
The Affordable Care Act, often referred to as "Obamacare," is "the biggest concern of our franchisees," Deluca said. "They don't know what to expect. It's causing a lot of concern, but that too will be passed on to the consumer."