action on cash-for-guzzlers bill
Senators expect action on cash-for-guzzlers bill
Posted Wednesday, May 13, 2009, 11:59 am in Employee News
Senators from both parties plan to introduce a cash-for-guzzlers bill this week that is identical to the legislation hashed out last week in the House, Sen. Debbie Stabenow, D-Mich., said in an Automotive News report.
The bill would provide vouchers of up to $4,500 to people who trade in cars and trucks for new, more fuel-efficient vehicles assembled anywhere in the world, according to the trade paper. The plan would run for a year and would apply to up to 1 million purchases to boost the auto industry, the story said.
It would cost $3.5 billion to $4.5 billion, with money in the stimulus package to finance it, the paper said. Stabenow said she is looking for legislation to which the bill could be attached that would be voted on quickly, the story said. (Automotive News)
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