The Cash for Clunkers, or CARS, program is off to an amazing success, with most of the original $1 billion allotted for the program already spent. So far, domestic manufacturers have benefited from the program immensely, with the Ford Focus taking top honors as the vehicle most purchased with Cash for Clunkers vouchers. That doesn’t [...]
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President Barack Obama has officially signed Cash for Clunkers into law as part of a larger defense spending bill today. The final version gives the Transportation Department 30 days to organize the rules and regulations for the program, and puts the burden of deciding which vehicles qualify squarely on the shoulders of dealers. Vehicles being [...]
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President Barack Obama is set to sign Cash for Clunkers into law any day now, and that means dealers and consumers alike will need to know all they can about the program. Dealix is partnering with Edmunds and Stoneham Ford to present a webinar designed to cover the ins and outs of the legislation, along [...]
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The Senate’s counterproposal to the House of Representatives Cash for Clunkers bill has been formerly introduced. Senators Diane Feinstein (D-Calif.), Susan Collins (R-Maine), Charles Schumer, (D-N.Y.) and Tom Carper (D-Del.) introduced their own version of the bill aimed at tightening fuel consumption standards for vehicles eligible for a $4,500 voucher today. Until now, the Senators [...]
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The Senate is scurrying to pass its own version of Cash for Clunkers-type legislation after a push from President Barack Obama. Currently, there are two bills vying for passage. The first, called the Feinstein-Collins-Schumer Counter Proposal, is a response to the bill the House of Representatives passed in May, and includes tougher mileage requirements geared [...]
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It’s been a busy week for Cash for Clunkers legislation in Congress. Rep. Betty Sutton (D-Ohio) introduced an amendment to the Waxman-Markey Energy and Climate bill that included a Cash for Clunkers-type program. Worked up as a compromise between two different House of Representatives bills, Sutton’s amendment requires new vehicles purchased under the program to [...]
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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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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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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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There is a lot of news about Cash for Clunkers today.
First from the Wall Street Journal:
http://online.wsj.com/article/SB123984336433423387.html
Joseph B. White’s “Eyes on the Road” analysis of one of the “cash for clunkers” programs being proposed to spur trading in older, less fuel-efficient vehicles (”How Much Is Your Guzzler Really Worth?,” Personal Journal, April 7) concludes that the [...]
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