A restaurant in Fort Worth, Texas is closing its doors after five years of business, and the owner says the Affordable Care Act is to blame.
Bill and Johnnie Katz, owners of Frankie’s Sports Bar and Grill, took to the restaurant’s Facebook on Monday to announce the closing of the restaurant in the heart of downtown Fort Worth.
“Several factors led to this decision, but the proverbial straw was brought on by the Affordable Care Act,” the statement says. “If we were to stay in business, there was no way for us to have borne the weight of the oppressive penalties for failing to comply with the mandates of that legislature.”
The employer mandate of the Affordable Care Act requires businesses with more than 50 full-time employees must provide health care for at least 95 percent of the employees and dependents up to age 26, or pay a fee.