Georgia’s governor Brian Kemp has dismissed White House efforts to take credit for an investment boom in the US and said the Biden administration’s vast cleantech subsidies had fanned inflation in his state.
The White House has pointed to Georgia’s fast-growing economy as an example of its strategy to revitalise US manufacturing capacity through generous tax breaks embedded in the Inflation Reduction Act signed into law by President Joe Biden in 2022.
But Kemp said the bonanza in his state had been driven by market forces and was under way before passage of the IRA — and claimed the extra federal stimulus was threatening to overheat Georgia’s economy.
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