"Cash for Clunkers" passes Senate

The Senate passed legislation that would provide vouchers to consumers who trade in their gas-guzzling clunkers for more fuel-efficient models. This program will get consumers back into the showroom and boost auto sales.

This legislation was modeled after Germany’s scrap program which led to a 21 percent surge in auto sales in February 2009, compared to a 22 percent decline in the United Kingdom for the same period. Similar programs have now been implemented in 12 European countries and have helped drive up auto sales across the continent.

The legislation will now go to the president’s desk for his signature.

Source: The Donnelly Dispatch