Current:Home > StocksGeorgia Gov. Kemp declares state of emergency over inflation -PrimeWealth Guides
Georgia Gov. Kemp declares state of emergency over inflation
View
Date:2025-04-16 02:09:24
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! (39284)
Related
- Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
- Roger Goodell wants NFL season to run to Presidents' Day – creating three-day Super Bowl weekend
- A parent's guide to 'Challengers': Is Zendaya's new movie appropriate for tweens or teens?
- Dozens of deaths reveal risks of injecting sedatives into people restrained by police
- SFO's new sensory room helps neurodivergent travelers fight flying jitters
- Worried about a 2025 COLA? This is the smallest cost-of-living adjustment Social Security ever paid.
- Police in Washington city issue alarm after 3 babies overdosed on fentanyl in less than a week
- Kelly Osbourne says brother Jack shot her in the leg when they were kids: 'I almost died'
- Moving abroad can be expensive: These 5 countries will 'pay' you to move there
- Only 1 of 10 SUVs gets 'good' rating in crash test updated to reflect higher speeds
Ranking
- How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
- Minneapolis approves $150K settlement for witness to George Floyd’s murder
- Philadelphia 76ers' Joel Embiid says he's being treated for Bell's palsy
- What happens to your credit score when your spouse dies? (Hint: Nothing good.)
- Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
- Man convicted of involuntary manslaughter in father’s drowning, told police he was baptizing him
- Jerry Seinfeld’s commitment to the bit
- Harvey Weinstein's conviction tossed in stunning reversal. What does it mean for #MeToo?
Recommendation
Where will Elmo go? HBO moves away from 'Sesame Street'
In-home caregivers face increased financial distress despite state program
Biden says he's happy to debate Trump before 2024 election
Gold pocket watch found on body of Titanic's richest passenger is up for auction
A South Texas lawmaker’s 15
NFL draft's most questionable picks in first round: QBs Michael Penix Jr., Bo Nix lead way
Philadelphia 76ers' Joel Embiid says he's being treated for Bell's palsy
Fed’s preferred inflation gauge shows price pressures stayed elevated last month