Current:Home > MyGeorgia Gov. Kemp declares state of emergency over inflation -TradeStation
Georgia Gov. Kemp declares state of emergency over inflation
View
Date:2025-04-15 12:11:17
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! (192)
Related
- What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
- Olympic Muffin Man's fame not from swimming, but TikTok reaction 'unreal'
- Regan Smith thrilled with another silver medal, but will 'keep fighting like hell' for gold
- When does Simone Biles compete next? Olympics beam finals on tap
- Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
- Arizona governor negotiates pause in hauling of uranium ore across Navajo Nation
- TikTok sued by Justice Department over alleged child privacy violations impacting millions
- That's not my cat... but, maybe I want it to be? Inside the cat distribution system
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Intel shares slump 26% as turnaround struggle deepens
Ranking
- The Super Bowl could end in a 'three
- The 'Tribal Chief' is back: Roman Reigns returns to WWE at SummerSlam, spears Solo Sikoa
- Intel shares slump 26% as turnaround struggle deepens
- Taking Over from the Inside: China’s Growing Reach Into Local Waters
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Tyreek Hill of Miami Dolphins named No. 1 in 'Top 100 Players of 2024' countdown
- Lakers unveil 'girl dad' statue of Kobe Bryant and daughter Gianna
- One Extraordinary (Olympic) Photo: Vadim Ghirda captures the sunset framed by the Arc de Triomphe
Recommendation
What to watch: O Jolie night
Two small towns rejoice over release of Evan Gershkovich and Paul Whelan
Hormonal acne doesn't mean you have a hormonal imbalance. Here's what it does mean.
After Navajo Nation Condemns Uranium Hauling on Its Lands, Arizona Governor Negotiates a Pause
FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
Forecasters expect depression to become Tropical Storm Debby as it nears Florida’s Gulf Coast
UAW leader says Trump would send the labor movement into reverse if he’s elected again
Trump and Vance return to Georgia days after a Harris event in the same arena