Carl's Jr. CEO to testify on menu labeling and regulatory reform

 
Feb. 15, 2012

Andrew Puzder, CEO of CKE Restaurants Inc., parent company of Carl's Jr. and Hardee's hamburger chains, will testify Thursday before the House Energy and Commerce Committee's Subcommittee on Oversight and Investigations.

Puzder, who has been called the "poster CEO for regulatory reform," will discuss how government regulations are impacting American economic growth.

Puzder will also discuss his work with both Democrats and Republicans to address the menu labeling provision included in the Patient Protection and Affordable Care Act (PPACA).

Puzder has long been an outspoken opponent of some government policies. In a blog published in August, he said regulations cost America jobs. Specifically, he said the PPACA and similar laws will increase expenses that will hinder his company's ability to create as many jobs.

"The money to comply with the ACA must come from somewhere. We use our revenue to pay our bills and expenses, to pay down our debt, and we reinvest what's left in our business. That's how we create jobs. There's no corporate pot of gold we can go to to cover increased health care costs. New unit construction will cease if we have to allocate moneys for that construction to the ACA. And building new restaurants is how we create jobs," Puzder said, in August.

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Topics: Financing and capital improvements , Operations Management , Policy / Legislation


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