Filed under: Politics
The ‘cash for-clunkers’ cash payment is now likely to receive Congressional approval, something yours truly didn’t think would occur six months ago.
Dueling versions of the bill that would grant a voucher worth $3,500-$4,500 to consumers who trade-in their gas-guzzling cars and trucks for more fuel-efficient vehicles are winding themselves through Congress. The House version passed 298-119, Bloomberg News reported. A vote on the Senate version is expected soon. In a nutshell, car purchases get $4,500 for a vehicle that improves mileage by at least 10 miles per gallon, $3,500 if the new vehicle ups mileage by at least four miles per gallon.
Continue reading Will Congress’ ‘cash for clunkers’ boost U.S. GDP?
Will Congress’ ‘cash for clunkers’ boost U.S. GDP? originally appeared on BloggingStocks on Thu, 11 Jun 2009 16:30:00 EST. Please see our terms for use of feeds.
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