Formal EO order on red dye diesel short on specifics

The executive order (EO) from President Donald Trump on implementing the red dye diesel tax break has been formally published, but it is thin on fixing a fundamental problem with the policy: state and federal rules are not in sync. The executive order was published in the Federal Register Friday. It is just four pages in length. After citing unspecified “historic efforts to ensure fuel affordability for our citizens,” the executive order says “it is clear that further temporary relief is necessary. ” The EO directs Secretary of the Treasury Scott Bessent to “use his authority to defer certain diesel fuel tax payment obligations.