Cash For Clunkers Bill Receives OK From House
The Cash for Clunkers bill cleared its first major hurdle after being approved in the House by a vote of 298 to 119. The next step for the bill is to be added to the Supplemental Appropriations bill conference report, which must be approved by both the House and Senate.
The proposal is aimed at jumpstarting the sale of new cars and trucks, with a voucher of up to $4500 given to those who purchase new, more fuel efficient cars. Environmentalists have their eye on the bill as well as the regulations put forth by the act could mean more environmentally friendly cars on the road, which in turn could reduce the carbon footprint and help position the US to be less dependent on foreign oil.
During the House floor debate, Mazda was called out as one of the automakers supporting the Cash for Clunkers bill in addition to the Detroit 3, Toyota, and Honda. Toyota could stand to gain the most if the bill passes, as the CashforClunkersfacts.com website reports that Toyota car models lead consumer interest in fuel efficient cars.
Consumers who would like to see if their current trade in qualifies for the $4,500 cash voucher can visit http://www.cashforclunkersfacts.com/ and use the ‘request a quote form’. The website will look up the trade and the car that the consumer would like to purchase and have a local dealer confirm the details about the program.
Anyone who wishes to receive email alerts regarding updates and amendments to the bill can sign up at http://www.cashforclunkersfacts.com/
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