Congress to Vote on Cash for Clunkers

By: Associated Press
By: Associated Press

Consumers could receive rebates of up to $4,500 for turning in their gas-guzzling cars and trucks for more fuel-efficient vehicles under a House proposal.

President Barack Obama has urged Congress to approve consumer incentives for new car purchases as part of the government's efforts to reorganize General Motors and Chrysler through the bankruptcy courts.

The House proposal set for a floor vote today. It is aimed at stimulating car sales during a bleak period for the auto industry while increasing the nation's fleet of cars that get more miles to the gallon.

GM and Chrysler have received billions of dollars in government aid, but the entire auto industry has watched car sales plummet during the past year.

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  • by Anonymous on Jun 9, 2009 at 01:55 PM
    $4,500 for a car that works well. If I was buying new car, I would go to the junk yard, buy a special and then sell it again.
  • by Dave Location: Litchfield on Jun 9, 2009 at 11:50 AM
    Does the U.S. Congress really believe that a $4.5K incentive to buy a new vehicle will work when so many people are either without jobs, or worried about whether they will have a job next week? Maybe I am different than most people, I try not to take on long-term financial commitments without some reassurance that I will be able to pay off the commitment.
  • by Susan Location: MI on Jun 9, 2009 at 07:44 AM
    Tax Payers should get free cars.
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