During a recent interview on CNBC, Fred DeLuca, the founder of Subway, noted how regulations — particularly the new regulations being imposed through ObamaCare — are hurting businesses and entrepreneurs in the United States.
DeLuca explained that the regulations would cause franchisees to pass the costs of the regulations off to consumers. Reponding to co-host Simon Hobbs questions about the current business environment, Deluca said, “It’s continuously gotten worse, because there’s more and more regulations.”
“It’s tougher for people to get into business,” he added. “Especially a small business. I tell you, if I started Subway today, Subway would not exist, because I had an easy time of it in the ’60s when I started. I just see a continuous increase in regulation.”
Here’s the video via the Washington Free Beacon: