‘Higher prices have caused me to lose business:’ Owner details negative impact of inflation [Video]

From creamy fettuccine alfredo to cheesy mozzarella sticks, Daniel Lee sells it all at his Philadelphia restaurant, Farina Noodle and Pasta.

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“I went to Italy, stayed there for three months,” said Lee.

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But like many small businesses, Lee said his bottom line is taking a hit from rising prices and he said that has led to some tough decisions.

“You can’t hire as many people as you may want or even as many as you may need,” said Lee.

Tuesday on Capitol Hill, Lee told lawmakers about the challenges of trying to stay afloat.

“We’ve raised our prices to maintain revenue. Higher prices have caused me to lose business and lose money,” said Lee during the congressional hearing.

One conservative economist believes reducing regulations would help ease burdens on companies.

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“It …