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Monday, June 22, 2009

Bleeding Heartland: Constructive criticism of the "Cash for Clunkers" bill

Excerpted from this post at Bleeding Heartland

The Consumer Assistance to Recycle and Save (CARS) Program (also known as "Cash for Clunkers") will receive at least $1 billion in funding this year now that Congress has passed the $106 billion Iraq and Afghanistan war supplemental appropriations bill. ... The CARS bill was attached to the Waxman-Markey American Clean Energy and Security Act in the spring. With prospects for that climate-change bill uncertain, the U.S. House approved Cash for Clunkers as a stand-alone bill earlier this month. Click the link for details about the rules and incentives outlined in that bill. The House and Senate then agreed to attach Cash for Clunkers to the $106 billion Iraq and Afghanistan war supplemental appropriations bill that was in conference at the time.

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Mike Schramm
Andy Szal

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