Current:Home > MarketsTradeEdge-Georgia Gov. Kemp declares state of emergency over inflation -Secure Growth Solutions
TradeEdge-Georgia Gov. Kemp declares state of emergency over inflation
SafeX Pro View
Date:2025-04-10 05:08:46
Georgia Gov. Brian Kemp has declared a state of emergency in response to high inflation,TradeEdge 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! (6449)
Related
- NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
- Lee Raymond
- Exxon’s Business Ambition Collided with Climate Change Under a Distant Sea
- Why you should stop complimenting people for being 'resilient'
- New data highlights 'achievement gap' for students in the US
- Today’s Climate: April 30, 2010
- Why Princess Anne's Children Don't Have Royal Titles
- Get $135 Worth of Tarte Cosmetics Products for Just $59 Before This Deal Sells Out
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- Transplant agency is criticized for donor organs arriving late, damaged or diseased
Ranking
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Woman dead, 6 others hurt in shooting at Chicago memorial
- See Kylie Jenner and Stormi Webster’s Sweet Matching Moment at New York Fashion Party
- Pfizer asks FDA to greenlight new omicron booster shots, which could arrive this fall
- Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
- IEA Says U.S. Could Become Desert Solar Leader—With Right Incentives
- Billie Eilish’s Sneaky Met Gala Bathroom Selfie Is Everything We Wanted
- IEA Says U.S. Could Become Desert Solar Leader—With Right Incentives
Recommendation
'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
Poisoned cheesecake used as a weapon in an attempted murder a first for NY investigators
Olympic Medalist Tori Bowie Dead at 32
What's behind the FDA's controversial strategy for evaluating new COVID boosters
Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
Shop the Top Aluminum-Free Deodorants That Actually Work
Global CO2 Emissions to Hit Record High in 2017
Rihanna's Makeup Artist Reveals the Most Useful Hack to Keep Red Lipstick From Smearing