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Obama to sign "Cash for Clunker" bill

coondoggie (973519) writes | more than 5 years ago

Transportation 3

coondoggie writes "That old car of yours may soon be worth more to you than you think. A $1 billion cash-for-clunkers bill has been sent to President Obama for his signature, after the Senate approved the bill as part of a broader $106 billion war spending package. The idea is to stimulate car sales by offering as much as $4,500 to owners of older cars who trade in older, less-efficient vehicles. The act will go into effect 30 days after the president signs the bill, and will run through October 31. [spam URL stripped]"
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I'd say... (1)

Jaysyn (203771) | more than 5 years ago | (#28392723)

... this is almost tantamount to punishing folks, like myself, that have been driving efficient cars from the get-go, but after doing the math, my Neon has cost me about $0.16 a mile over the past 9 years to own so I guess I can't complain too much.

No thanks (0)

Anonymous Coward | more than 5 years ago | (#28412351)

No thanks, I'll keep driving my older car. This doesn't sound like a very good deal to me... I could get $4500 selling my car on the open market and I would not then be forced to buy a newer, more expensive car. Maybe if I had something even older and shittier and I could get more from the govt than it was worth, then I would consider this. I'm not about to trade-up and get into debt just because the govt would like me to.

Our tax dollars at work (1)

EmmDashNine (1082413) | more than 5 years ago | (#28445855)

Instead of redistributing our wealth in forms that those contributing will probably not benefit from, why not just reduce taxes for everyone?
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