Subway Founder: Subway Would Not Exist If Started Today Due to Government Regulations
Deluca: Payroll tax increases, Obamacare pose challenge to small business
BY: Washington Free Beacon Staff
February 27, 2013 2:27 pm
President and founder of Subway Fred Deluca described some of the challenges payroll tax increases and Obamacare have presented small business franchisee owners Wednesday on CNBC.
Deluca said the number one issue facing Subway franchisee owners is how Obamacare will impact their expenses, noting any increase in costs will be passed along to the consumer through higher prices.
Additionally, when asked about the modern business climate for young entrepreneurs, the Subway founder stated “Subway would not exist” if he started it today due to onerous government regulations:
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