Congress Passes “Cash for Clunkers” bill !!!!

The bill is H.R. 2346 the “cash for clunkers bill” was passed this Thursday by Congress to provide government incentives of $3,500 to $4,500 to motorists who trade in their gas guzzlers for more fuel efficient vehicles.

Under the proposed bill, car owners could get a voucher worth $3,500 if they traded in a vehicle getting 18 miles per gallon or less for one getting at least 22 mpg. The value of the voucher would grow to $4,500 if the mileage of the new car was 10 mpg higher than the old vehicle. The miles per gallon figures are listed on the car window’s sticker.

Sport utility vehicles owners and pickup trucks or minivans that get 18 mpg or less could also receive a voucher for $3,500 if their new truck or SUV got at least 2 mpg higher than their old vehicle. The voucher would increase to $4,500 if the mileage of the new truck or SUV was at least 5 mpg higher than the older vehicle.