Georgia Suspends Gas Tax Amid Biden’s Inflation Crisis

On Tuesday, Georgia Governor Brian Kemp declared a state of emergency due to the 40-year-high inflation crisis that began under President Biden. As part of the declaration, Kemp has temporarily suspended the state’s excise tax on motor fuel to provide direct relief to families. 

“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,” said Kemp. “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. 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.”

As noted in a press release from Kemp’s office, an analysis from Moody’s Analytics found that “Americans are spending $709 more per month than 2 years ago and $202 more per month than last year. Suspension of the excise tax will save Georgians 31.2 cents per gallon of gasoline and 35 cents per gallon of diesel fuel. When the gas tax was suspended from March through December of last year, 2022, Georgians saved roughly $1.7 billion at the pump.”

“Thanks to the hard work and conservative budgeting of Governor Kemp and the General Assembly, the State of Georgia can confidently suspend collection of the state motor fuel tax to help lessen the burden of historically high gas prices. According to AAA, the average cost of a gallon of regular gas in Georgia is currently $3.57, up from $3.24 a year ago,” the press release added. 

“I applaud Governor Kemp’s suspension of motor fuel taxes to keep our people and our economy moving despite Washington’s inaction on rising fuel prices,” said Georgia Speaker Jon Burns. “Georgia’s success story is no accident – it is the result of conservative policies enacted to keep Georgia the nation’s best state for business.”

D & B Staff

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