Subway Founder: Impossible To Start Major Business in Today’s Business Climate

Subway Founder Says Company 'Wouldn't Exist' if Started Under Today's Regulations (Fox News)

The founder of Subway restaurants is slamming the government for harsh regulations he says hurt small businesses, saying he would not have been able to successfully start his company in today's climate.

Fred Deluca told CNBC Wednesday that he believes government regulations are preventing entrepreneurs from creating value in the economy, saying the environment for U.S. entrepreneurs is getting continuously worse.
"If I started Subway today, Subway would not exist," Deluca told CNBC.

Deluca named a number of government regulations, including a possible increase in the minimum wage, the end of the payroll tax holiday and the the Affordable Care Act or ObamaCare.