Subway ‘Wouldn’t Exist’ If Started Today Due to Regulations: Founder Deluca

Fred Deluca, the founder of privately-held Subway Restaurants, said government regulations are hurting small businesses and that this environment has prevented entrepreneurs from creating value in the market. “If I started Subway today, Subway would not exist,” Deluca told CNBC’s “Squawk on the Street” Wednesday. Deluca said the environment for entrepreneurs in the U.S. has “continuously gotten worse because […]

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$518 Billion in New Regulations Since Obama in Office

Despite Obama’s promise to cut unnecessary regulations, his administration issued $236.7 billion in new rules in 2012. According to a report by the American Action Forum, headed by former Congressional Budget Office Director Douglas Holtz-Eakin, the direct costs of the regulations force American businesses to waste 87 million man-hours to fill out regulatory paperwork. Adding […]

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‘Tsunami’ of New Regulations Coming with Obama’s Reelection

Obama’s administration deliberately held off implementing burdensome regulations that favored environmentalists, labor unions, and dealt with Obamacare in the month leading up to the election because they would be politically unpopular with voters. Before Obama won reelection, the backlog of regulations suggested to many industry experts that if Obama won reelection, his administration would be […]

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