Small businesses sound the alarm on inflation, energy, supply chain delays: ‘Bleeding money’
After a strong January, what’s next in the fight on inflation?
Host Gerry Baker breaks down January’s economic barometers and discusses it with guests American Spectator contributing editor Deroy Murdock and founder of the Bahnsen Group, David Bahnsen on ‘WSJ at Large.’
High inflation, rising interest rates, rampant regulations and ongoing supply chain problems are forcing small companies to make sacrifices just to survive, several small business owners in West Virginia told House lawmakers on Monday.
Members of the House Ways and Means Committee traveled to Petersburg, West Virginia, on Monday to hear directly from small business owners there about the difficult reality they face thanks to rising costs and the ever-present threat of more federal regulations.
"The cost of goods has been steadily rising throughout the past couple of years," Ashley Bachman, owner and operator of Cheetah B’s Restaurant told the committee in her prepared testimony. "It has been tough to stay ahead of. We have had to change our menu prices countless times just to make sure that we don’t go out of business."
Bachman said her restaurant is still struggling with the "ever-increasing cost of goods," including the propane used to run their kitchen. She said the cost of propane is now twice as high as it was in 2020, and that her lease payments have more than doubled.
BIDEN CLAIMS INFLATION ‘WAS ALREADY THERE WHEN I GOT HERE,’ SAYS HE TAKES NO BLAME