Current:Home > FinanceGeorgia Gov. Kemp declares state of emergency over inflation -Financial Clarity Guides
Georgia Gov. Kemp declares state of emergency over inflation
View
Date:2025-04-19 20:28:41
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! (71692)
Related
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- Two Kansas prison employees fired, six disciplined, after injured inmate was mocked
- Nearly 200 bodies removed from Colorado funeral home accused of improperly storing bodies
- French-Iranian academic imprisoned for years in Iran returns to France
- Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon
- Scott Disick Reveals Why Khloe Kardashian Is His Ideal Woman
- A new study points to a key window of opportunity to save Greenland's ice sheet
- Pulse nightclub property to be purchased by city of Orlando and turned into a memorial
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Drone attack on base hosting US troops intercepted in Iraq, heightening fears of a broader conflict
Ranking
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
- Can we still relate to Bad Bunny?
- NFL Week 7 odds: Moneylines, point spreads, over/under
- California tech CEO convicted in COVID-19 and allergy test fraud case sentenced to 8 years in prison
- North Carolina justices rule for restaurants in COVID
- Humanitarian crisis in Gaza an 'unprecedented catastrophe,' UN says
- US resumes deportation flights to Venezuela with more than 100 migrants on board
- Lane Kiffin trolls Auburn with a 'dabbing' throwback to Iron Bowl loss
Recommendation
Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
A teacher showed 4th graders the 'Winnie the Pooh' slasher film: Why that's a terrible idea
Brazil congressional report recommends charges against Bolsonaro over riots
Suzanne Somers' family celebrates 'Three's Company' star's birthday 2 days after death
Meta donates $1 million to Trump’s inauguration fund
Blast reported aboard small cruise ship; crew member taken to hospital
Ex-official who pleaded guilty to lying to feds in nuclear project failure probe gets home detention
Defendant in Tupac Shakur killing case is represented by well-known Las Vegas lawyer