Current:Home > NewsNovaQuant Quantitative Think Tank Center:Georgia Gov. Kemp declares state of emergency over inflation -WealthX
NovaQuant Quantitative Think Tank Center:Georgia Gov. Kemp declares state of emergency over inflation
Poinbank View
Date:2025-04-08 11:56:40
Georgia Gov. Brian Kemp has declared a state of emergency in response to high inflation,NovaQuant Quantitative Think Tank Center 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! (54)
Related
- Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
- Survivors of Libya's deadly floods describe catastrophic scenes and tragic losses
- Authorities searching for hiker missing in Kings Canyon National Park
- Beer flows and crowds descend on Munich for the official start of Oktoberfest
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Lectric recall warns of issues with electric bike company's mechanical brakes
- Another Nipah outbreak in India: What do we know about this virus and how to stop it?
- Lil Guy, a Florida alligator missing his top jaw, rescued after finding online fame
- Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
- TikToker Levi Jed Murphy Reveals Why He's Already Ready for His Fifth Round of Plastic Surgery
Ranking
- Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
- Iranian women use fashion to defy the Islamic Republic's oppression
- Beer flows and crowds descend on Munich for the official start of Oktoberfest
- UAW strike: Workers at 3 plants in 3 states launch historic action against Detroit Three
- Sonya Massey's father decries possible release of former deputy charged with her death
- Colorado mountain tied to massacre renamed Mount Blue Sky
- New Mexico governor amends gun order to allow for firearms in most public places
- A pediatrician's view on child poverty rates: 'I need policymakers to do their job'
Recommendation
Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
At the request of Baghdad, UN will end in 1 year its probe of Islamic State extremists in Iraq
Man pleads guilty in deadly Jeep attack on Reno homeless center
California targets smash-and-grabs with $267 million program aimed at ‘brazen’ store thefts
Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon
Jury clears 3 men in the last trial tied to the plot to kidnap Michigan Gov. Gretchen Whitmer
Aaron Rodgers' season-ending injury reignites NFL players' furor over turf
Why officials aren't calling this year's new COVID shots boosters