President Trump signed an Executive Order to waive the federal diesel tax on tax-free dyed diesel through the end of the year, aiming to lower costs for truckers and farmers.
Why it matters. Truckers and farmers will benefit from reduced diesel costs, potentially impacting transportation and agricultural expenses.
Tonight, President Donald J. Trump signed an Executive Order to immediately cut diesel costs for the truckers and farmers who keep America moving. The order temporarily opens highway use of tax-free dyed diesel, deferring the federal diesel tax on that fuel through the end of the year — no interest, no penalties.
“Today, I am announcing another unprecedented step to bring down costs. For many years, farm vehicles, construction equipment, and other off-road vehicles have used what is known as ‘red dye’ diesel… which is exactly the same as normal diesel, but is sold tax-free for off-road vehicles and big trucks… Tonight, I am going to sign a historic Executive Order to officially waive the off-road requirem…
Where states match this federal action, savings will top $100 per fill — a real difference for the hardworking Americans who haul the freight and grow the food.
The federal diesel tax is 24.4 cents per gallon, or about $60 on a 250-gallon fill.
