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Cash to Trade Clunkers for Clunkers?

New vehicles that get one or two miles per gallon better, qualify drivers for a $4,500 cash credit.


Democrats Reach Compromise on Cash-for-Clunkers

House Democrats have just reached a compromise on a cash-for-clunkers bill that would provide financial incentives for people to trade in their old gas-guzzlers for more fuel efficient vehicles.
From the Energy and Commerce Committee’s press release:

Under the agreement, consumers may trade in their old, gas-guzzling vehicles and receive vouchers worth up to $4,500 to [...]


People Are Afraid Cash-for-Clunkers Will Be Too Successful?

President Obama is pushing a compromise cash-for-clunkers program that will bridge the gap between two competing bills and provide a sliding incentives scale, whereby drivers will receive a cash voucher for trading in their old cars for more fuel-efficient ones — the greater the increase in efficiency, the more valuable the voucher.
Yet the plan has [...]