New York Applebee's franchise owner Zane Tankel and CEO John Schnatter of Papa John's have both come under fire, even called "racist" for saying that they will need to make cuts to employees or raise prices in order to make up the cost of ObamaCare, which would require businesses with over 50 employees to pay $2,000 for each full-time worker over 30 workers, if the business does not offer an approved health care plan.
As reported by the Daily Mail, Zane Tankel stated in part, "We've calculated it will [cost] some millions of dollars across our system. So...that says we won't build more restaurants. We won't hire more people." In addition, Schnatter noted that there would be a cost of 10 to 14 cents added to the cost of a pizza due to ObamaCare. He said,"That's what you do, is you pass on the costs...I don't think people know what they're going to pay for [Obamacare]." Of course the stifling new legislation is going to be concerning for small and large businesses, as with the economy in the present state, and the looming fiscal cliff, many people are weary of the consequences.
Twitter immediately erupted with disparaging remarks, class warfare and threats to boycott the chain restaurants. Some are documented by Twitchy.
Tankel and Schnatter are only two voices in a sea of many who are worried about the future of their businesses and the impact of ObamaCare.
Image Source: WeaselZippers
The Nation's Restaurant News reports that "Industry executives are urging more restaurateurs to become involved in the political process," as they want to make lawmakers aware of the potentially damaging impact of ObamaCare penalties on their ability to run a profitable business, which, by the way, allows for more hiring at a time when people desperately need jobs.
White Castle's Jamie Richardson said hopefully that the industry needs to make Washington aware of the burden on their businesses, "It's more important than ever that we become engaged and advocate on behalf of the industry. We need to show how [ObamaCare] impacts each restaurant and the people who work there." Tabbassum Mumtaz, the owner of Dallas-based Apex Restaurant Management, a franchisee of 172 Long John Silver's, KFC, Taco Bell and A&W locations, said he is "scared ... concerned. My initial reaction to the election is a lot of worry." Mumtaz is not alone.
"I'm not particularly happy with the outcome of the elections," Sbarro's Greco said. "But that being said, I hope both parties do what Americans have done for 240 years now, and that is to put their differences aside for the good of the country." It seems as though the general consensus over ObamaCare...and the re-election of President Obama is fear.
McDonald's Chief Financial Officer said that ObamaCare could cost his company nearly a half-billion dollars in revenue. Burger King, Subway, Quizno's, and Dunkin' Donuts have all expressed their worries about the cost of ObamaCare to Capital Hill as well.
Rob Green, the Executive Director of the National Council of Chain Restaurants, said ObamaCare "puts chain restaurants in the bull's-eye." Additionally, Darden Restaurants Inc., which owns the Red Lobster and Olive Garden chains are also considering reduced worker hours. Who could blame them?
Image Source (Envelope): sickeninglyliberal
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