Even as House lawmakers are celebrating their remarkably swift move to infuse the popular cash for clunkers program with additional funds, some lawmakers and environmentalists are warning that extending the program is premature without knowing what it even does.
Of the $1 billion More…
The opposition to the $2 billion extension of the cash for clunkers program that passed the House today is lining up in the Senate, which is expected to take up the measure next week. The latest critic is Sen. John McCain (R-Ariz.), who told More…
On their last day in Washington before leaving on a five-week vacation, House lawmakers on Friday passed a $2 billion extension of the enormously popular “cash for clunkers program. The initial $1 billion, which was expected to take the program through October, was instead exhausted just four days More…
House lawmakers are on the floor as we speak debating a bill to provide $2 billion more to what proved to be a tremendously popular cash for clunkers program. And, while some lawmakers would like to see the conditions of that program changed to encourage the More…
As funding for the $1 billion cash for clunkers program has reportedly dried up less than one week after its launch, Sens. Dianne Feinstein (D-Calif.) and Susan Collins (R-Maine) want answers from the White House about what vehicles are being sold and scrapped under the program. In More…
With the news that the popularity of cash for clunkers has already consumed the program’s $1 billion allotment comes the inevitable rehashing of the debate over what cars should be eligible for trade-ins if the program is extended.
Earlier in the year, Detroit’s powerful defenders on Capitol Hill More…
Late Thursday, The Associated Press reported the government would suspend the “cash-for-clunkers” program that provides vouchers worth up to $4,500 to consumers who trade in cars with lower fuel efficiency for cars that get slightly better gas mileage. While the program has been operational More…
As we pointed out last month, environmentalists are none too happy with the recently enacted cash-for-clunkers program, which grants a cash rebate up to $4,500 for drivers who turn in their gas-guzzling vehicles for more fuel efficient models. (In some cases, for barely more fuel efficient models).
But consumers, More…
The $106 billion emergency spending bill — primarily targeting the wars in Iraq and Afghanistan — also included $10.4 billion in foreign aid, nearly $8 billion to fight pandemic disease and $1 billion to jump-start the cash-for clunkers program, which will provide cash vouchers up to $4,500 to drivers More…
On its surface, it sounds like a wonderful environmental benefit: A program providing thousands of dollars to drivers who scrap their gas guzzlers in favor of more fuel-efficient models. Yet critics on and off Capitol Hill say the so-called “cash-for-clunkers” initiative has morphed into a billion-dollar industry handout, allowing More…
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