Trump opens tax-free 'red' diesel to all buyers
WASHINGTON: US President Donald Trump on Monday signed an executive order allowing anyone to buy tax-exempt red-dyed diesel, a fuel normally reserved for farm machinery and other off-road equipment.
President Donald Trump signed an executive order in Grand Island, Nebraska on Monday to ease limits on the tax-free use of red dye diesel fuel. This decision, which Congress will vote on in the coming days, could save millions of dollars for farmers and reduce the cost of goods for all consumers. The diesel fuel is exempt from federal and state excise taxes, and truckers could save more than $100 per fill-up.
Trump's trip to Nebraska is part of a 32-day tour ahead of the November 3 midterm elections, where he has been visiting red states such as Oklahoma, Alabama, Texas, and Missouri. The administration's plan to allow more imports of foreign beef has raised concerns among Nebraska ranchers, with Governor Pete Ricketts suggesting that the policy would hurt local ranchers.
Despite this, many rally-goers expressed faith in Trump's ability to address high living costs, including fuel and grocery prices.
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- Trump opens tax-free 'red' diesel to all buyers economictimes.indiatimes.com
- Trump opens tax-free ‘red’ diesel to all buyers freemalaysiatoday.com
- Trump moves to cut diesel costs with order on tax-free fuel channelnewsasia.com
