Current:Home > reviewsGeorgia Gov. Kemp declares state of emergency over inflation -WealthFocus Academy
Georgia Gov. Kemp declares state of emergency over inflation
View
Date:2025-04-20 15:19:38
Georgia Gov. Brian Kemp has declared a state of emergency in response to high inflation, blaming policies coming out of Washington, D.C.
Kemp is temporarily suspending Georgia's excise tax -- taxes enforced on particular goods, services and activities -- on motor and locomotive fuel, his office said in a press release on Tuesday.
"From runaway federal spending to policies that hamstring domestic energy production, all Bidenomics has done is take more money out of the pockets of the middle class," Kemp said in the press release. "While high prices continue to hit family budgets, hardworking Georgians deserve real relief and that's why I signed an executive order today to deliver it directly to them at the pump."
MORE: New Apple iPhone features USB-C port, improved cameras
He added that his administration will work with Georgia's General Assembly "to help Georgians weather the economic headwinds caused by this president, his administration, and their allies in Congress."
Kemp's executive order goes into effect at Midnight on Wednesday and lasts until Oct. 12.
Consumer prices increased 3.2% in July compared to a year ago, according to the Bureau of Labor Statistics.
Core inflation, which strips out volatile food and energy prices, rose 4.7% in July compared to a year ago, particualrly because price increases for commodities like new vehicles and housing stand above the overall inflation rate.
The U.S. Department of Labor will release the latest inflation numbers on Wednesday.
The governor said Georgia residents will save "31.2 cents per gallon of gasoline and 35 cents per gallon of diesel fuel" under the state of emergency.
MORE: Inflation ticked up in July, reversing some progress in fight to slow price hikes
In March 2022, Kemp signed legislation suspending the state's gas tax following Russia's invasion of Ukraine, which led to a spike in gas prices across the country.
During that 10-month suspension, Georgians saved $1.7 billion at the gas pump, Kemp said in Tuesday's press release.
ABC News' Max Zahn contributed to this report.
veryGood! (2734)
Related
- Intellectuals vs. The Internet
- College Football Playoff bracket: Complete playoff picture after latest rankings
- Kansas basketball vs Michigan State live score updates, highlights, how to watch Champions Classic
- Oil Industry Asks Trump to Repeal Major Climate Policies
- San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
- 'Underbanked' households more likely to own crypto, FDIC report says
- Olivia Munn began randomly drug testing John Mulaney during her first pregnancy
- Kentucky officer reprimanded for firing non-lethal rounds in 2020 protests under investigation again
- McConnell absent from Senate on Thursday as he recovers from fall in Capitol
- Arkansas governor unveils $102 million plan to update state employee pay plan
Ranking
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Trump ally Steve Bannon blasts ‘lawfare’ as he faces New York trial after federal prison stint
- Target will be closed on Thanksgiving: Here’s when stores open on Black Friday
- Duke basketball vs Kentucky live updates: Highlights, scores, updates from Champions Classic
- Travis Hunter, the 2
- 'Underbanked' households more likely to own crypto, FDIC report says
- Panel advises Illinois commemorate its role in helping slaves escape the South
- Louisiana House greenlights Gov. Jeff Landry’s tax cuts
Recommendation
Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
Man Found Dead in Tanning Bed at Planet Fitness Gym After 3 Days
Pennsylvania House Republicans pick new floor leader after failing to regain majority
Oprah Winfrey Addresses Claim She Was Paid $1 Million by Kamala Harris' Campaign
Why members of two of EPA's influential science advisory committees were let go
2 dead in explosion at Kentucky factory that also damaged surrounding neighborhood
Controversial comedian Shane Gillis announces his 'biggest tour yet'
Trump pledged to roll back protections for transgender students. They’re flooding crisis hotlines