Current:Home > NewsGeorgia Gov. Kemp declares state of emergency over inflation -FinanceMind
Georgia Gov. Kemp declares state of emergency over inflation
View
Date:2025-04-13 11:49:29
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! (6898)
Related
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Lidcoin: A Platform for the Issuance of Tokens for High Quality Blockchain projects around the world
- FDA warns CVS, Walgreens and others about these unapproved eye products
- Watch this caring duo team up to save struggling squirrel trapped in a hot tub
- Former Danish minister for Greenland discusses Trump's push to acquire island
- Olympic gold medalist Sunisa Lee won't be part of US team at upcoming world championships
- What to know about renters insurance and what it does and doesn’t cover
- Republican lawmaker proposes 18% cap on credit card interest rates
- Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
- Flood death toll in eastern Libya reaches 5,300 with many more missing, officials say
Ranking
- Stamford Road collision sends motorcyclist flying; driver arrested
- Nick Jonas Calls Out Concertgoers Throwing Objects Onstage During Jonas Brothers Show
- Russian spaceport visited by Kim has troubled history blighted by corruption and construction delays
- The latest COVID boosters are in for the fall. Here's what that means for you
- Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
- Mauricio Umansky Shares Kyle Richards' Reaction to Him Joining Dancing with the Stars
- More than 5,000 have been found dead after Libya floods
- School district, teachers union set to appear in court over alleged sickout
Recommendation
Most popular books of the week: See what topped USA TODAY's bestselling books list
How much melatonin should I take? Experts weigh in on dosage rules, how much is too much.
Russian journalist who headed news outlet in Moldova is declared a security threat and expelled
Rip currents: What to know about the dangers and how to escape
'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
Brutally honest reviews of every VMAs performance, including Shakira, Nicki Minaj and Demi Lovato
In disaster-hit central Greece, officials face investigation over claims flood defenses were delayed
Inside Kim Jong Un's armored train: A sweet home