Lawmakers are continuing to work towards a compromise on the two competing Cash for Clunkers bills currently in the house and senate. According to a new article in the Detroit News, the House of Representatives is close to producing a single bill that would combine the environmental and economic interests in a way that would [...]
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As the CARS bill – also known as Cash for Clunkers – gains momentum, the fans and the critics are identifying themselves. Here’s a handy score card for who you’ll see on which side of the aisle…
But first, an update: Compromise is ruling the day with Democratic lawmakers coming to consensus on the key [...]
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If you’ve been keeping an eye on our blooming Cash for Clunkers legislation here in the United States, you probably already know countries throughout Europe have had similar programs on the books for years now. The Huffington Post has an interesting article detailing exactly what each country has to offer its citizens in terms of [...]
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The EU has warned the US that it could be in violation of world trade rules if they do not allow Cash for Clunker trade-ins for non-US cars:
http://www.canada.com/warns+over+cash+clunker+program/1525858/story.html
The United States would violate world trade rules if proposed government payments to encourage consumers to trade in old gas-guzzling cars can be used to buy only new [...]
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http://www.detnews.com/article/20090424/POLITICS03/904240352/+Cash+for+Clunkers++deal+near
Washington — Congressional sponsors of two competing bills to offer cash vouchers to retire older vehicles and spur auto sales said Thursday they are nearing agreement on a compromise.
Rep. Steve Israel, D-N.Y., a sponsor of one of the bills, said officials were “90 percent” of the way to a compromise “Cash for Clunkers” program.
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Not much of a surprise, but Iowa Senator Tom Harkin is behind Cash for Clunkers and thinks lower income families will especially benefit from it.
http://www.radioiowa.com/gestalt/go.cfm?objectid=D398FBAE-5056-B82A-37B38D5EA31EAFFA
“Low-income Americans mostly are the ones who are driving those cars,” Harkin says. “They can’t afford to buy a new car. They can’t afford to get the credit. Even if they [...]
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According to an article in the Detroit News, the two competing Cash for Clunkers bills currently in Congress are close to reaching a compromise. One bill, sponsored by Rep. Betty Sutton, D-Ohio, gives larger vouchers toward new American-made cars and trucks, less for vehicles produced in North America and nothing at all for new vehicles [...]
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It looks like things are heating up.
http://www.nasdaq.com/aspx/stock-market-news-story.aspx?storyid=200904231328dowjonesdjonline000922&title=us-lawmakers-near-deal-on-program-to-lift-car-sales
WASHINGTON -(Dow Jones)- The prospects of a U.S. program to provide government-funded discounts to consumers who trade in old cars for new, more efficient models improved Thursday when a leading proponent signaled her willingness to back off on a controversial provision.
The move comes days after the European Union’s ambassador [...]
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Here is a recent article from the Christian Science Monitor about Cash for Clunkers and the environment.
http://features.csmonitor.com/environment/2009/04/17/would-cash-for-clunkers-be-good-or-bad-for-the-environment/
Boston
In the tale of Aladdin, the young hero is tempted by an enticing pitch to swap his old, but magical, lamp for a new one.
The US government may soon be offering Americans another swap they may find hard to [...]
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If you want to follow the details of the Cash for Clunkers legislation, you can do it on the web at:
http://www.thomas.gov/bss/111search.html
When you get to the site you can search for the following House and Senate bills and monitor their progress. There is one Cash for Clunkers Senate bill and 2 House bills right now:
Senate: S. [...]
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