Announcement

Collapse
No announcement yet.

Cash for Clunkers

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Cash for Clunkers

    This from CNN:

    House OKs $4 billion 'cash for clunkers'

    Full House votes on a bill to subsidize new car sales for consumers who turn in gas guzzlers. Status of proposal in Senate is unclear.

    By Jennifer Liberto, CNNMoney.com senior writer

    WASHINGTON (CNNMoney.com) -- The House on Tuesday waded deeper into the rescue of the troubled auto industry when it passed a $4 billion plan to subsidize new cars sales for consumers who scrap old ones.

    By a vote of 298-119, the House approved the "cash for clunkers" program.

    The measure would give consumers vouchers worth as much as $4,500 to turn in gas guzzlers and buy new cars that are more fuel efficient.

    The legislation now goes to the Senate. President Obama has said he supports such a measure.

    The House bill would go into effect within 30 days of enactment but it is not retroactive for new purchases made earlier this year.

    The move by the House would deepen the federal government's involvement in the auto industry, only a week after federal officials announced spending another $30 billion in addition to the $19.4 billion already given to GM to cover its losses and operations.

    "The bipartisan cars act will shore up millions of jobs and stimulate local economies. It will improve our environment and reduce our dependence on foreign oil," said bill sponsor Rep. Betty Sutton, D-Ohio, during floor debate. "The cars act demonstrates that we can free ourselves from the false argument of either you are for the environment or you are for jobs. You can do both, you must do both."

    While the original cash-for-clunkers proposal had its roots in an environmental initiative, this bill aims to jump-start sales of new cars and trucks, including some that don't quite meet the average fuel efficiency standards.

    Clunkers eligible for the program must get 18 miles per gallon, or less, in combined city and highway driving. The subsidy ends up benefiting more owners of light trucks, SUVs and mini-vans more than it would owners of regular old passenger cars, auto experts say.

    A $3,500 subsidy can be used toward purchasing cars and vans that are more fuel efficient than the older clunkers by four miles per gallon. A $4,500 subsidy can be used toward purchasing cars and vans that are more fuel efficient than older cars by 10 miles per gallon.

    However, cars that have not been insured for the past year or those that are older than 25 years are not eligible to be traded in for vouchers.

    The House measure aims to spend $4 billion in new dollars toward the measure, and was expected to get added through a war supplemental funding bill. That could prove to be a sticking point, since some Republicans in the Senate said they rather such a measure use already allocated dollars.

    "We're going to have to pay the piper at some time," said Rep. Jeff Flake, R-Ariz. "This is a clunker of a bill."

    The program lasts either one year or until the funding runs out.

    So now the focus turns to the Senate, where two versions of a subsidy bill have been introduced. Neither has yet to be voted on or fully debated.

    The Senate proposal that is most similar to the House bill is sponsored by Sen. Debbie Stabenow, D-Mich., along with Sen. Sam Brownback, R-Kansas. That bill takes its funding from existing stimulus dollars and is retroactive for new purchases made since March 31.

    Environmental lobbying groups are pushing for an environmentally tougher bill geared more toward cutting carbon emissions. That measure, sponsored by Sen. Dianne Feinstein, D-Calif., aims to replace more gas guzzlers with more environmentally sensitive and fuel efficient cars.

    First Published: June 9, 2009: 5:20 PM ET

    Dan White
    64 R1 GT
    64 R2 GT
    Dan White
    64 R1 GT
    64 R2 GT
    58 C Cab
    57 Broadmoor (Marvin)

  • #2
    Yet another example of our government spending our $$ on stupid programs that IMHO won't make much if any difference.
    I don't want a new car yet I'm subsidizing John Doe's new vehicle.

    [quote]quote:Originally posted by Dan White

    This from CNN:

    House OKs $4 billion 'cash for clunkers'

    Full House votes on a bill to subsidize new car sales for consumers who turn in gas guzzlers. Status of proposal in Senate is unclear.

    By Jennifer Liberto, CNNMoney.com senior writer

    WASHINGTON (CNNMoney.com) -- The House on Tuesday waded deeper into the rescue of the troubled auto industry when it passed a $4 billion plan to subsidize new cars sales for consumers who scrap old ones.

    By a vote of 298-119, the House approved the "cash for clunkers" program.

    The measure would give consumers vouchers worth as much as $4,500 to turn in gas guzzlers and buy new cars that are more fuel efficient.

    The legislation now goes to the Senate. President Obama has said he supports such a measure.

    The House bill would go into effect within 30 days of enactment but it is not retroactive for new purchases made earlier this year.

    The move by the House would deepen the federal government's involvement in the auto industry, only a week after federal officials announced spending another $30 billion in addition to the $19.4 billion already given to GM to cover its losses and operations.

    "The bipartisan cars act will shore up millions of jobs and stimulate local economies. It will improve our environment and reduce our dependence on foreign oil," said bill sponsor Rep. Betty Sutton, D-Ohio, during floor debate. "The cars act demonstrates that we can free ourselves from the false argument of either you are for the environment or you are for jobs. You can do both, you must do both."

    While the original cash-for-clunkers proposal had its roots in an environmental initiative, this bill aims to jump-start sales of new cars and trucks, including some that don't quite meet the average fuel efficiency standards.

    Clunkers eligible for the program must get 18 miles per gallon, or less, in combined city and highway driving. The subsidy ends up benefiting more owners of light trucks, SUVs and mini-vans more than it would owners of regular old passenger cars, auto experts say.

    A $3,500 subsidy can be used toward purchasing cars and vans that are more fuel efficient than the older clunkers by four miles per gallon. A $4,500 subsidy can be used toward purchasing cars and vans that are more fuel efficient than older cars by 10 miles per gallon.

    However, cars that have not been insured for the past year or those that are older than 25 years are not eligible to be traded in for vouchers.

    The House measure aims to spend $4 billion in new dollars toward the measure, and was expected to get added through a war supplemental funding bill. That could prove to be a sticking point, since some Republicans in the Senate said they rather such a measure use already allocated dollars.

    "We're going to have to pay the piper at some time," said Rep. Jeff Flake, R-Ariz. "This is a clunker of a bill."

    The program lasts either one year or until the funding runs out.

    So now the focus turns to the Senate, where two versions of a subsidy bill have been introduced. Neither has yet to be voted on or fully debated.

    The Senate proposal that is most similar to the House bill is sponsored by Sen. Debbie Stabenow, D-Mich., along with Sen. Sam Brownback, R-Kansas. That bill takes its funding from existing stimulus dollars and is retroactive for new purchases made since March 31.

    Environmental lobbying groups are pushing for an environmentally tougher bill geared more toward cutting carbon emissions. That measure, sponsored by Sen. Dianne Feinstein, D-Calif., aims to replace more gas guzzlers with more environmentally sensitive and fuel efficient cars.

    First Published: June 9, 2009: 5:20 PM ET

    Dan White
    64 R1 GT
    64 R2 GT

    Russ Shop Foreman \"Rusty Nut Garage\"
    53 2R6 289 5SpdOD (driver)
    57 SH (project)
    60 Lark VIII 2dr sd (driver)

    Comment


    • #3
      If you modernize a "clunker" it could get good gas mileage and save money. Think, What if you put an EFI system on a strait six Stude or even a 289.


      Alex Nelsen
      1954 Champion Coupe
      Lizella, GA
      Alex Nelsen, certified Studebaker nut.
      Driving a 1954 Champion Coupe powered by a Chrysler 383.
      Lizella, GA

      Comment


      • #4
        The good news is that cars over 25 years old are not eligible, so Studes are safe from the crusher.

        Las Vegas, NV - Stop by, coffee's on!
        '51 Champion Business Coupe G899965 10G-Q4-1434

        Comment


        • #5
          quote:Originally posted by Nelsen Motorsports

          If you modernize a "clunker" it could get good gas mileage and save money. Think, What if you put an EFI system on a strait six Stude or even a 289.
          I would have loved to do that when I owned my Grand Wagoneer. It was an '87 with the 360 and 4bbl Motorcraft 2150. I got 11 mpg uphill, downhill and on the level. Wanted to put a Holley Pro-Jection system on it, which would have been a bolt-on and upped my mileage to around 22, but California emissions law made that illegal!

          Of course, on a Stude you could retrofit all you like, because they are not subject to smog checks and regulations AFAIK.


          [img=left]http://members.cox.net/clarknovak/lark.gif[/img=left]

          Clark in San Diego
          '63 F2/Lark Standard
          http://studeblogger.blogspot.com
          www.studebakersandiego.com

          Clark in San Diego | '63 Standard (F2) "Barney" | http://studeblogger.blogspot.com

          Comment


          • #6
            My clunker a 51 Commander Starlight Coupe gets 22mpg

            Comment


            • #7
              What a buncha crap! Well, my old 3/4 ton gets about 10 gallons per mile... But it ain't "clunking" yet!

              LH

              Comment


              • #8
                Discussed on the forum four times already in repetetive threads.....

                http://forum.studebakerdriversclub.c...hTerms=clunker

                http://forum.studebakerdriversclub.c...hTerms=clunker

                http://forum.studebakerdriversclub.c...hTerms=clunker

                http://forum.studebakerdriversclub.c...hTerms=clunker
                HTIH (Hope The Info Helps)

                Jeff


                Get your facts first, and then you can distort them as much as you please. Mark Twain



                Note: SDC# 070190 (and earlier...)

                Comment

                Working...
                X