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MONDAY, NOVEMBER 23, 2009
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7

Congress Nears 'Cash for Clunkers' Deal

Compromise would put voucher at $4,500, nix buy-American clause

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(Newser) – Congress is nearing agreement on a “cash for clunkers” plan that would pay Americans to give up their gas-guzzling vehicles. A House plan outlined yesterday focuses on cars and light trucks that yield less than 18 miles per gallon. Owners who junk those will receive a $3,500-$4,500 voucher, depending on the relative efficiency of their new ride, the New York Times.

The compromise plan eases the initial mileage eligibility to just 4 mpg more than the previous car. It excludes used cars, but no longer limits the reduced vouchers to American vehicles. Domestic automakers still support the year-long initiative, which Democrats say will take 1 million cars off roads. The Senate has yet to reach agreement on the Obama-endorsed idea.

Domestic automakers welcome the plan, which would provide Americans incentive to buy new cars.
Domestic automakers welcome the plan, which would provide Americans incentive to buy new cars.   (AP Photo/Winslow Townson)
The plan proposes to pay Americans so that they trade in their old cars for more efficient ones.
The plan proposes to pay Americans so that they trade in their old cars for more efficient ones.   (Shutter stock)
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Scrappage programs implemented in other countries around the world have proven to be very successful in reinvigorating car and truck sales.
- General Motors, in a statement

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7 comments
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IN RESPONSE:
AnnieChrist
May 6, 09 4:15 PM CDT
"the silent majority is pissed" Right, that 24% 'majority' of you who, far from being silent, post nonsensical screeds like this all over the 'internets.'
Vote up! Vote down!
-2
IN RESPONSE:
SPH
May 7, 09 9:41 PM CDT
I do look forward to your "counter re-revolution"...You are a tool,little k.....
Vote up! Vote down!
-1
lthurman
May 6, 09 4:04 PM CDT
Yes, let's use our tax dollars to buy some more foreign made products, never mind the AMERICAN worker. Yes, I know the Japanese and others have plants here but where do the profits go? And what about all the give-aways from states and federal gov. to build the plants? Some never pay property taxes, but the workers there do! One thing can be said about most Americans, we watch out for ourselves and to hell with the rest of the citizens. Reply
Vote up! Vote down!
+2
bunn16
May 6, 09 4:22 PM CDT
My cars are paid for and my insurance is over $2000.00 a year. (My 2 sons with less than 5 years driving live with me and I own a house) Why would I want to replace them with new cars, increased insurance payments and 2 car payments? Reply
Vote up! Vote down!
+2
irok63
May 6, 09 5:36 PM CDT
So can I buy an old $800.00 car and trade it in for a $4000.00 credit? Reply
Vote up! Vote down!
+3

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