Don’t Be Fooled by Trump’s Diesel Gimmicks | The Professor Is In
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Don’t Be Fooled by Trump’s Diesel Gimmicks | The Professor Is In
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Tax-free red dye diesel won't make a single extra drop — so who really pays for it?
President Trump signed an executive order letting truckers fill up with red dye diesel — the cheaper, untaxed fuel normally reserved for tractors and bulldozers — and the White House says it'll save truckers about $60 a tank. In this "Professor Is In" episode, Justin Wolfers and producer Augusta Chapman take your questions and show why the tax-free diesel policy creates no new fuel at all. There's only so much diesel in the world, so every gallon truckers gain, farmers lose.
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