Cash for Clunkers Bill Approval All But Guaranteed
The controversial Cash for Clunkers bill remains alive as Republicans in the U.S. Senate failed today to remove the $1 billion provision from a $106 billion war funding bill. The majority Democrats needed to reach 60 votes to keep the program in the war-funding bill. They reached exactly 60 after the vote was kept open for more than a half hour.
Critics feel that the cash-for-clunkers program is too expensive and might not do much to boost sales or clean the environment. However proponents rest their support on the fact that the bill could help move 1 million new cars across the US and position the US to become less dependent on foreign oil. Final adoption of the program by Congress is expected to take place next week.
Consumers can follow the latest updates on the Cash for Clunkers bill, read program details and locate participating dealers at http://www.cashforclunkersfacts.com/
The bill proposes to give consumers up to $4,500 to purchase a new, more fuel-efficient car. In order to qualify, consumers would have to trade in their gas guzzlers for a more fuel-efficient vehicle that averages between 2 to 10 additional miles per gallon.
Now that the Cash for Clunkers initiative has made its way into the war funding bill, it is possible there will be a final Senate vote on the war-funding bill this Thursday. If successful, the legislation would finally be completed and forwarded to the White House for President Barack Obama’s signature. Obama has already expressed his support of the bill during previous press events.
Consumers should visit the Cash for Clunkers FAQ page for specific details: http://www.cashforclunkersfacts.com/bill-faq
Consumers can see if their car qualifies for a trade-in voucher and search for competitive price quotes for the new vehicle of their choice. The website has also started a mailing list for those who want to receive alerts and updates as well as be informed when the bill passes.
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