‘Cash for Clunkers’ Passes House

So the cash for clunkers is getting closer. It passed in the House:

In addition to having stricter fuel economy requirements, the Senate bill contains three major differences. The first is the maximum fuel economy of the trade-in vehicles, which is 17 miles a gallon. The second is there are three voucher amounts ($2,500 to buy a new car that gets at least seven miles a gallon more, $3,500 for 10 m.p.g. more and $4,500 for 13 m.p.g. more). Finally, the Senate bill also offers a provision for buying a used car.

So maybe that new car smell isn’t so far away. Here’s a comparison of the House and Senate version of the bill.
The estimate is that it’ll increase auto sales by 625,000. It’ll work for me!

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