Current:Home > ScamsGeorgia Gov. Kemp declares state of emergency over inflation -TruePath Finance
Georgia Gov. Kemp declares state of emergency over inflation
View
Date:2025-04-25 00:49:33
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! (5557)
Related
- Highlights from Trump’s interview with Time magazine
- Lawsuit against North Carolina officer who shot and killed teen can continue, court says
- Jeff Bridges, Joseph Gordon-Levitt, more stars join 'White Dudes for Harris' Zoom
- Pennsylvania casinos ask court to force state to tax skill games found in stores equally to slots
- Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
- With the funeral behind them, family of the firefighter killed at the Trump rally begins grieving
- Delta CEO says airline is facing $500 million in costs from global tech outage
- 2024 Olympics: Stephen Nedoroscik’s Girlfriend Tess McCracken “Almost Fainted” Over Pommel Horse Routine
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Report: U.S. Olympic swimmers David Johnston, Luke Whitlock test positive for COVID-19
Ranking
- Senate begins final push to expand Social Security benefits for millions of people
- Firefighters make progress against massive blaze in California ahead of warming weather
- Vermont man evacuates neighbors during flooding, weeks after witnessing a driver get swept away
- Golf Olympics schedule: When Nelly Korda, Scottie Scheffler tee off at Paris Games
- The Best Stocking Stuffers Under $25
- Barbie launches 'Dream Besties,' dolls that have goals like owning a tech company
- Harris Grabs Green New Deal Network Endorsement That Eluded Biden
- RHOC's John Janssen Brutally Shades Ex Shannon Beador While Gushing Over Alexis Bellino Romance
Recommendation
Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
Pennsylvania casinos ask court to force state to tax skill games found in stores equally to slots
Quick! Banana Republic Factory’s Extra 40% Sale Won’t Last Long, Score Chic Classics Starting at $11
Jodie Sweetin defends Olympics amid Last Supper controversy, Candace Cameron critiques
DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
Phosphine discovery on Venus could mean '10-20 percent' chance of life, scientists say
Florida county approves deal to build a new Tampa Bay Rays stadium
Missouri woman admits kidnapping and killing a pregnant Arkansas woman