Chevrolet Corvette Stingray C7 Forum - View Single Post - Obama, lawmakers agree on "cash-for-clunkers" bill

alienjimmy · 05-05-2009, 06:54 PM

UPDATED:http://news.yahoo.com/s/nm/20090505/...s_energy_autos

WASHINGTON (Reuters) – President Barack Obama and Democratic lawmakers reached agreement on Tuesday on a legislative proposal designed to stimulate U.S. auto sales, which have fallen to near 30-year lows.

The one-year plan crafted by members of the U.S. House of Representatives would offer vouchers worth up to $4,500 for owners to replace their less fuel efficient vehicles for models that get better gas mileage.

The goal of the "cash for clunkers" legislation is to sell 1 million vehicles.

05-05-2009, 06:54 PM	#1
alienjimmy Drives: G5 Join Date: Apr 2009 Location: arlington Posts: 33	Obama, lawmakers agree on "cash-for-clunkers" bill UPDATED:http://news.yahoo.com/s/nm/20090505/...s_energy_autos WASHINGTON (Reuters) – President Barack Obama and Democratic lawmakers reached agreement on Tuesday on a legislative proposal designed to stimulate U.S. auto sales, which have fallen to near 30-year lows. The one-year plan crafted by members of the U.S. House of Representatives would offer vouchers worth up to $4,500 for owners to replace their less fuel efficient vehicles for models that get better gas mileage. The goal of the "cash for clunkers" legislation is to sell 1 million vehicles. Last edited by alienjimmy; 05-05-2009 at 07:15 PM.