6/19/09

Cash for Clunkers - Your Tax Dollars

A $1 billion "cash for clunkers" provision was just passed yesterday by the government. Starting in August, you can turn in an older gas guzzler and get up to $4,500 from the government for the purchase of a more fuel-efficient model. Oops, I'm sorry, you get it from the tax payers through the government. If you use this voucher, you don't get a trade-in credit. The cars are supposed to be destroyed and not resold. We shall see.

It's supposed to give a boost to the economy. It's a $4 billion program.

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