Small business owners in West Virginia told House lawmakers Monday they are still reeling from higher prices, federal regulation and continuing supply chain problems.
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.'are forcing small companies to make sacrifices just to survive, several small business owners in West Virginia told House lawmakers on Monday.
Tom Plaugher, vice president of operations for Allegheny Wood Products, told the committee that supply chain problems seen across the country have made it much harder to get the parts he needs to keep his company running. He also said"I have heard it said many times that higher costs don’t really affect businesses and that they simply pass that additional cost along to their customer," he said in his prepared remarks. "It does not work that way in our industry.
Ways and Means Committee Chairman Jason Smith, R-Mo., is listening to small business owners across the country on what Washington can do to help them. "I saw the coal industry decline further to the point where I was forced to leave West Virginia to find work in the industry in Alabama for a time," he said. "I watched the small towns of my home state fall on incredibly hard times all because of anti-coal policies that were being pushed in Washington, DC by people who had never even been to the place where I grew up."
President Biden has made an effort to resolve America's supply chain woes, but small businesses told Congress Monday those efforts have not yet led to real results.
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