Kemp declares state of emergency over inflation in Georgia
“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 a 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,” Kemp continued. “Working with partners in the General Assembly, we’ll continue to help Georgians weather the economic headwinds caused by this president, his administration, and their allies in Congress.”
The order will suspend gas and diesel taxes in the state. This would be the second time in two years Kemp has suspended fuel taxes.
Treasury Secretary Janet Yellen took a different tone regarding the state of the economy in a Monday interview with Bloomberg. The cabinet official said she thinks the country will avoid a recession and is on track for a soft landing from high inflation.
“[U.S. economic] growth has slowed, but our labor market continues to be quite strong — I don’t expect a recession,” Yellen said.