Sen. Charles Schumer wants the Government to buy your junk car. Congress is developing “cash for clunkers” program that would provide vouchers to consumers who trade in their old cars and purchase more fuel-efficient vehicles. Some members of Congress want to use rejected stimulus money for this program. I have a better idea. Return the rejected money to the taxpayers or use it to reduce the deficit.
If measure passes, your clunker could bring you cash
WASHINGTON — Car shoppers may have a good reason to trade in their old jalopies for vehicles that get better mileage.
Congress is developing “cash for clunkers” legislation that would provide vouchers to consumers who trade in their gas guzzlers and purchase more fuel-efficient vehicles.
Modeled after successful programs in Europe, the bills are designed to get more gas-sipping cars on the road and boost auto sales, which dropped more than 40 percent among the Big Three automakers in March.
“It will jump-start the demand for new cars, helping our auto industries,” said Sen. Charles Schumer, D-N.Y. “And most importantly help families trade in expensive, low-miles-per-gallon vehicles for cheaper, fuel-efficient vehicles,” he added.
Some Democratic senators want the stimulus money that several governors have turned down to be used in the clunker program, to stimulate the beleaguered auto industry instead.(excerpt) read more at chron.com