Donald Trump won the presidential election and now he may turn small business owners into winners as well by promising to make good on his plans reduce regulations and taxes.
â€œThe impact on small business, the potential elimination of Obamacare, the reduction of regulatory issues not only provides a greater door to profitability, but more people are going to enter small business, more profits are going to be made. This is exciting,â€ â€˜Bar Rescueâ€™ host Jon Taffer told FOX Business Networkâ€™s Stuart Varney.
Taffer reacted specifically to the mounting burden of Obamacare on small businesses, as well as their employees.
â€œNot only has it been a thorn in our businessesâ€™ operators Stuart, but our employees have been hit with high deductibles and itâ€™s impacted their income as well. So you bet this is big.â€
The restaurant industry, which some believe is in a downturn, may have the opportunity to reignite business.
â€œSome analysts were saying we were facing a restaurant recession looking into 2017, this might change that.â€
Shares of casual dining chains including Panera Bread (NASDAQ:PNRA), Chipotle (NYSE:CMG) and McDonaldâ€™s (NYSE:MCD), are all lower for the year.