Current:Home > NewsGeorgia Gov. Kemp declares state of emergency over inflation-LoTradeCoin
Georgia Gov. Kemp declares state of emergency over inflation
View Date:2024-12-24 00:30:31
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! (8658)
Related
- Saks Fifth Avenue’s holiday light display in Manhattan changing up this season
- How many votes are needed to win the House speaker election?
- Dancing With the Stars’ Sharna Burgess Shares the “Only Reason” She Didn’t Get a Boob Job
- California tech CEO convicted in COVID-19 and allergy test fraud case sentenced to 8 years in prison
- Today’s Savannah Guthrie, Al Roker and More React to Craig Melvin Replacing Hoda Kotb as Co-Anchor
- Japan’s exports rise and imports decline in September as auto shipments to US and Europe climb
- John Legend says he wants to keep his family protected with updated COVID vaccine
- Jim Jordan lost a second House speaker vote. Here's what happens next.
- Minnesota man is free after 16 years in prison for murder that prosecutors say he didn’t commit
- Florida men plead guilty to charges related to a drive-by-shooting that left 11 wounded
Ranking
- Duke basketball vs Kentucky live updates: Highlights, scores, updates from Champions Classic
- Burt Young, Oscar-nominated actor who played Paulie in ‘Rocky’ films, dies at 83
- Lobbyist gets 2 years in prison for Michigan marijuana bribery scheme
- Blast reported aboard small cruise ship; crew member taken to hospital
- Diddy's ex-bodyguard sues rape accuser for defamation over claims of 2001 assault
- CBS News witnesses aftermath of deadly Israeli airstrike in southern Gaza
- Only Julia Fox Could Wear a Dry-Cleaning Bag as a Dress and Make It Fashionable
- Using AI, cartoonist Amy Kurzweil connects with deceased grandfather in 'Artificial'
Recommendation
-
Rare Alo Yoga Flash Sale: Don’t Miss 60% Off Deals With Styles as Low as $5
-
Kenneth Chesebro rejected plea offer ahead of Georgia election trial: Sources
-
Video of injured deer sparks calls for animal cruelty charge for Vermont hunter
-
Tulsa massacre survivor, residents push for justice, over a century after killings
-
Footage shows Oklahoma officer throwing 70-year-old to the ground after traffic ticket
-
Simu Liu Reveals His Parents Accidentally Took His Recreational Drugs While House Sitting
-
Pianist Jahari Stampley just won a prestigious jazz competition — he's only 24
-
Neymar suffers torn ACL while playing for Brazil in World Cup qualifying game