Trump’s red-dyed diesel order sounds like a tax cut. Economists say… | HappeningNow.news

Business & Economy · 1 view

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

Source Summary Published 3h 06m ago Brief Under 1 min brief
Story intelligence
Coverage Single outlet Single-outlet story
Views 1 Community interest
Brief read Under 1 min brief 18 words

Summary

The executive order only defers a 24.4-cent federal tax on $6.20-a-gallon diesel, and it adds no new supply.

Read original at Fortune

More from Business & Economy

Continue reading recent Business & Economy coverage

Support HappeningNow

Independent AI-powered news analysis is reader-supported. Your contribution helps cover infrastructure, summaries, and continued platform development.

Support HappeningNow

Report an issue with this page