A business owner in Las Vegas on Wednesday told a CBS radio station that he had fired 22 of his 114 "mostly Hispanic" employees because President Barack Obama had won re-election.

"I've done my share of educating my employees," business owner "David," who refused to use his real name on air, told KSNT radio host Kevin Wall. "I never tell them which way to vote. I believe in the free system that we have. I believe in everybody having their right to choose who they want to be president."

"And I explained that I always put them first and, unfortunately, I'm at a point now -- and am being forced to -- that I have to worry about me and my family now," he continued. "I explained to them a month ago, if Obama gets in office, the regulations for Obamacare are going to hurt our business, and I am going to have to make provision to make sure that I have enough money to cover payroll taxes, the additional health care I'm going to have to do. And I explained that to them, and I said, 'You do what you feel you need to do, but I'm just letting you know this as a warning that this is things I have to think of as a business owner.'"

David noted that he had "mostly Hispanic" employees and some had come to work wearing Obama shirts on election day.

"I have to build up that nest egg now for the taxes and regulations that are coming my way," he explained. "Elections do have consequences, but so do choices."

"I don't need the labor force coming down saying I laid people off because they are Hispanic, I don't need the headache. We are in a right-to-work state, but I did inform people that I would possibly had to be making layoffs. I did make the notification 30 days ago. I followed the laws."