The Cash for Clunkers bill has some folks in a tizzy. If passed, cars with lousey mileage can be traded in for a $3,500-$4,500 credit toward the purchase of a new, more fuel-efficient car. Old vehicles must be scrapped and folks donating their cars get a tax deduction. While some new-car shoppers might be enticed by the Cash for Clunkers credit, people with sense will see it's just another shell game.
As for the car-donation groups, the bill adds insult to injury, coming on the tail of a rotten economy that's punished charities. Over at Kars4Kids, Y. Meth, a spokesman for the company, weighs in: "While the bill is purportedly to remove smog-producing cars from the road and benefit automakers, Kars4Kids is conscientiously doing our share by frequently taking cars with high emissions out of circulation."
Read more here.
Wednesday, June 24, 2009
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment