House Leader Promises Action on Obama's 'Cash for Clunkers' Program
House Majority Leader Steny Hoyer (D-Md.) said Tuesday that President Obama's "cash for clunkers" proposal would get "serious attention" in Congress.
On Monday, Obama said that he wants to stimulate new-car sales by offering financial incentives (funded by the massive federal stimulus bill) to consumers who replace gas-guzzling vehicles with more new, fuel-efficient cars.
Several pieces of legislation that would create "cash for clunkers" programs have been introduced in the House and Senate, according to Environment & Energy Daily newsletter (subscription required).
The New York Times today reports on a similar fleet modernization program in Slovakia that, like others in Europe, appears to be revving up new vehicle sales.
And, for what it's worth, Hoyer's Web site is running a poll on whether states should be allowed to set their own automobile emissions standards.
Greg Johnson, Contributor
- Posted by
- Greg Johnson April 1, 2009, 11:08 AM
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- Categories:
- Emissions, Fuel Economy, Legislation, Tax Incentives
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- Fuel Efficient Cars, Legislation
I've said it before and I'll say it again. I hate this idea. I'm not against stimulating new car sales, but this is the wrong way to go about it.
Don't penalize the concept of cars that last.