Cash for Guzzlers
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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USA Today has compiled an excellent list of questions and answers pertaining to the new House of Representatives Cash for Clunkers bill. The piece covers everything from the projected cost of the program (around $4 billion) to how the definition of a “clunker” changes from cars to light duty and heavy duty trucks. If you [...]
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The proposed Cash for Clunkers legislation in both the House of Representatives and the Senate has stirred up all kinds of discussion as to the program’s benefits or lack thereof. While we’ve covered a few opinions over the viability of various Cash for Guzzlers programs that have shown up in Congress over the past few [...]
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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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Despite last week’s news House of Representatives Democrats were close to forming a single, united Cash for Guzzlers bill, it may still be months before the legislation finds its way to law. Rep. Henry Waxman, D-Calif., the chairman of the House Energy and Commerce committee, has made it widely known that he would like any [...]
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Despite the differences between the multiple Cash for Clunkers bills circulating in the House of Representatives, Democratic members of the House seem to be close to producing a single piece of legislation. Articles from the Detroit News and in Reuters say President Barack Obama met with the House Energy and Commerce Committee to discuss details [...]
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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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