VIDEO: APPLEBEE’S CEO SAYS OBAMACARE WILL FORCE HIM TO CUT JOBS

Zane Tankel, who owns 40 Applebee’s franchises, describes the steps he’ll have to take to survive Obamacare’s requirement that businesses with more than 50 workers offer a government-approved insurance plan or pay a penalty of $2,000 for each full-time worker over 30 workers.

We’ve calculated it will cost some millions of dollars across our system. So what does that say? That says we won’t build more restaurants. We won’t hire more people.

[ht Jim Hoft]

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