April 24th, 2009
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 built elsewhere. The second bill, sponsored by Rep. Steve Israel, D-New York, would hand out the same amount no matter where the new vehicle was built, though the bill does stipulate the old cars or trucks have to get 18 mpg or less.
In the article, Israel says a new, unified bill is 90 percent complete. There’s no word on which attributes from each individual bill have made it into the final product, but judging from the glowing progress report, we’ll likely find out soon. You can find the article in its entirety here. [Source: DetNews]