From Heritage Foundation, Scott Womack, owner of 14 IHOPs.
Womack estimates the cost of the law to his company will be 50 percent greater than his company’s earnings — in other words, beyond his ability to pay.
Womack says his typical profit per employee is $3000-$5000 but Obamacare will burden him with $7K-10K of costs.
"What bank is going to extend credit to the restaurant business if you’re not making money."
And here is Judy Nichols, owner of three Papa John’s restaurants in the Houston, TX area.
All of them say the same thing. The regulations and fines from Obamacare are causing them not to hire.