“This law will cost my company more money than we make.”
Indiana business owner Scott Womack knows firsthand how Obamacare affects the economy and jobs. He just sold 16 of his IHOP restaurants because of the rules imposed by the law.
We recently reported that some restaurants in Seattle are having trouble with a new minimum wage policy.
Progressives seem to believe that any issue they care about can be solved through legislation and there’s no greater example of that than the Affordable Care Act.
Rob Bluey of The Daily Signal reported:
This Longtime IHOP Owner Sold His 16 Restaurants Because of Obamacare
It was a brisk March morning, nearly a year after President Obama signed the Affordable Care Act, and I had trekked to the Midwest with a camera crew to meet Scott Womack, owner of about a dozen IHOP restaurants in Indiana and Ohio.
Womack’s testimony before Congress earlier in 2011 caught my attention and I wanted to visit him at one of his restaurants to see firsthand how Washington’s policymaking had impacted his work.
The IHOP in Terre Haute is located on South 3rd Street, just a few minutes from the Interstate 70 interchange and a short drive from the Holiday Inn where we had stayed the night before. As we sat in the back of the bustling restaurant waiting for Womack to arrive, we ordered french toast, omelettes and other IHOP specialities.
At the time, Womack employed about 1,000 people at his 12 restaurants. When the Affordable Care Act became law on March 23, 2010, he had big plans for his franchise. He had purchased a development agreement in 2006 that would expand the company to 14 new IHOP locations in Ohio…
Four Years Later
Facing the prospect of Obamacare’s employer mandate on Jan. 1, 2015, Womack opted to sell his 16 IHOP restaurants last year to Romulus Restaurant Group.
Here’s Womack predicting the effect Obamacare would have on his business in 2011:
Can someone please remind me which business Obama ran before becoming president?
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