Business owners struggling due to inflation: 'We operate at 60% loss'
Small business owners Brian Flynn and Keith Troyer share how difficult running a business is during this time of skyrocketing inflation
Business owners sounded off Tuesday after President Biden attempted to downplay inflation during a "60 Minutes" interview.
In his first television interview in over 200 days, Biden told CBS' Scott Pelley that, "We're in a position where for the last several months, [inflation] hasn't spiked, it is just barely, it's been basically even."
Business owners Brian Flynn and Keith Troyer told a different story on "Fox & Friends," however, saying that prices have not been "flat" over the last two years.
CRITICS SCOLD CBS' SCOTT PELLEY OVER BIDEN'S ‘60 MINUTES’ CHAT: ‘BAD JOURNALIST AND INTERVIEWER’
President Biden joined CBS News' Scott Pelley for an interview that aired on Sunday. (Screenshot/CBSNews/60Minutes)
"Every month, month-and-a-half, we're getting an increase from our suppliers for freight, for the cost of goods… not flat at all. Not even close to flat," Flynn told Fox News' Steve Doocy on Tuesday.
Flynn, the owner of Jim Dandy's restaurant in Rutherford, New Jersey, said state regulations also struck at his wallet with a ban on foam containers that were far less expensive than their replacements.
Troyer, who works in the home and commercial cleaning industry in Ohio, said prices have skyrocketed within the last six to eight months.
INFLATION IS BIDEN'S ‘TOP PRIORITY’ AS PRICES REMAIN ‘UNCOMFORTABLY HIGH’: WH ECONOMIC ADVISER
NEW YORK, NEW YORK - JULY 26: A woman picks food in a fresh market on July 26, 2022 in New York. Food prices in the New York area have jumped more than 9% in the last year, is the steepest in the last 40 years, according to the BLS. Inflation is hitting poor and working-class New Yorkers, immigrants and the food pantries that support them. (Photo by John Smith/VIEWpress) (John Smith/VIEWpress)
"We don't get a break on anything," he said. "We used to have a package we would get for our new people that started around $90. Now, we give about $130 for that."
Troyer said he routinely receives calls from customers to see if prices can be lowered, but explained "there's not a whole lot we can do anymore" as his margins are so tight already.
Meantime, a single mother of three shared on "Fox & Friends First" Tuesday her struggle with rising costs after Biden claimed inflation has increased "just an inch."
"[Inflation] is a very big deal to me," Bonvillian told host Carley Shimkus.
"We're struggling to meet our needs… we pick and choose what's important for us at the moment and those are the things that we are buying. We don't have the extra to do the things that we want."
CLICK HERE TO GET THE FOX NEWS APP
Bonvillain said the assistance she receives in addition to her part-time job is still not enough to cover the cost of necessities for the entire month.
She added that her children have been forced to adapt to cutting back on costs and her 14-year-old son has stepped up by working to help make ends meet.
Get all the stories you need-to-know from the most powerful name in news delivered first thing every morning to your inbox