Current:Home > FinanceGeorgia Gov. Kemp declares state of emergency over inflation-LoTradeCoin
Georgia Gov. Kemp declares state of emergency over inflation
View Date:2024-12-23 20:27:40
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! (56394)
Related
- A growing and aging population is forcing Texas counties to seek state EMS funding
- At least 60 civilians were killed in Burkina Faso last year in military drone strikes, watchdog says
- Czech lawmakers reject international women’s rights treaty
- Iran disqualifies former moderate president from running for reelection to influential assembly
- BITFII Introduce
- 'Zone of Interest': How the Oscar-nominated Holocaust drama depicts an 'ambient genocide'
- Washington and Baghdad plan to hold talks soon to end presence of US-led coalition in Iraq
- Ice Spice and everything nice: How the Grammys best new artist nominee broke the mold
- The ancient practice of tai chi is more popular than ever. Why?
- 3-year-old dies after Georgia woman keeps her kids in freezing woods overnight, police say
Ranking
- Wheel of Fortune Contestant Goes Viral Over His Hilariously Wrong Answer
- Cheap Fitness Products That Actually Work (and Reviewers Love Them)
- Thousands in India flock to a recruitment center for jobs in Israel despite the Israel-Hamas war
- Peter Navarro, ex-Trump official, sentenced to 4 months in prison for contempt of Congress
- Taylor Swift drops Christmas merchandise collection, including for 'Tortured Poets' era
- Oscar nominations 2024 snubs and surprises: No best director nominations for Bradley Cooper, Greta Gerwig
- Actor Tom Hollander received 'astonishing' Marvel check meant for Tom Holland
- Boeing faces quality control questions as its CEO appears on Capitol Hill
Recommendation
-
32 things we learned in NFL Week 10: Who will challenge for NFC throne?
-
US and UK sanction four Yemeni Houthi leaders over Red Sea shipping attacks
-
Snoop Dogg’s Daughter Cori Broadus Released From Hospital After Severe Stroke
-
China expands access to loans for property developers, acting to end its prolonged debt crisis
-
Just Eat Takeaway sells Grubhub for $650 million, just 3 years after buying the app for $7.3 billion
-
North Macedonia’s government resigns ahead of general elections
-
Watch Live: Trial of Jennifer Crumbley, mother of Oxford High School shooter, gets underway
-
The Mexican National Team's all-time leading goal scorer, Chicharito, returns to Chivas