Trump’s red-dyed diesel order sounds like a tax cut. Economists say it’s a 24-cent IOU that could raise prices for farmers
- Posted on October 7, 2026
- By Fortune
- 0 Views
- 1 min read
In brief
Generating AI summary…
Trump’s red-dyed diesel order sounds like a tax cut. Economists say it’s a 24-cent IOU that could raise prices for farmers
The executive order only defers a 24.4-cent federal tax on $6.20-a-gallon diesel, and it adds no new supply.
