Tuesday, August 7, 2012

Papa Johns: ObamaCare Will Raise Pizza Prices

Pizza chain Papa John's told shareholders that President Obama's health care law will cost consumers more on their pizza.
On a conference call last week, CEO and founder John Schnatter (a Mitt Romney supporter and fundraiser) said the health care law's changes — set to go into effect in 2014 — will result in higher costs for the company — which they vowed to pass onto consumers.
"Our best estimate is that the Obamacare will cost 11 to 14 cents per pizza, or 15 to 20 cents per order from a corporate basis," Schnatter said.
http://www.politico.com/politico44/2012/08/papa-johns-obamacare-will-raise-pizza-prices-131331.html
In other words, prices will be raised on every consumer good. That is what's called a tax, my friends.

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