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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

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

Feed excerpt — reported by Fortune

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

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