Trump Plans to Ease Limits on Tax-Exempt Dyed Diesel
The plan would widen use of tax-exempt dyed diesel and could cut prices by 24 cents a gallon, officials said.
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8 Articles
Trump to issue order expanding access to tax-exempt diesel fuel, sources say
By Jarrett Renshaw Oct 5 (Reuters) - US President Donald Trump is preparing an executive order to expand access to tax-exempt diesel that will be unveiled as soon as Monday, two sources familiar with the matter said. High diesel prices, which shot to...
The Trump administration is preparing to ease restrictions on the use of tax-exempt, so-called red diesel, in an effort to bring down fuel prices before the November midterm elections, Bloomberg reports.
Donald Trump enlists measures to alleviate diesel costs, including changes in dyed fuel and a tax review. However, analysts warn that the root of the problem is supply, not taxes.
The Trump administration is reportedly preparing to ease restrictions on the use of "red-dyed diesel," which is exempt from federal tax, in an effort to lower high diesel prices.
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