'Nail in the coffin': Grocer turned House lawmaker trashes Kamala Harris' price control plan

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A first-term House Republican who runs a small chain of grocery stores in Ohio is worried Vice President Kamala Harris’ grocery price control proposal would hurt family-owned businesses like his.

"We're dealing with a lot. The net profit in grocery stores is about one and a half — if you're doing really good, one and three quarters. Just in layman's terms, it's about a $1.50 for every $100 that you go through the registers. And what we've seen in the last three to four years has been pretty horrific," Rep. Michael Rulli, R-Ohio, told Fox News Digital in an exclusive interview.

"This will be a nail in the coffin of this industry that no one can imagine."

ECONOMIC COMMENTATOR WARNS HARRIS' PRICE CONTROL PLAN ALREADY TRIED IN 'VENEZUELA, ARGENTINA, SOVIET UNION'

Rulli won a special election in June to succeed retired Rep. Bill Johnson, R-Ohio.

Before that, he was a Republican state senator and helped run Rulli Bros., the mid-sized grocery chain his father started in 1917.

To explain what effect he argues price controls will have on his business, Rulli held up a bottle of Tide laundry detergent made by Procter & Gamble.

"If the Harris administration tells Procter & Gamble, which is based in Cincinnati, that this Tide right here that I'm selling today for $4.99 has to stay $4.99 for the next four years, what will happen is that Procter & Gamble will just simply choose not to