This week, the Senate will likely begin debate on its version of a cash-for-clunkers bill, according to CNNMoney. This legislation began with green intentions
“„After months of hard work with the Obama Administration and members of Congress, I am pleased to join with a bipartisan group of Senators to introduce legislation that will provide a much-needed boost to our auto industry during these dark economic times. This bill is a win-win for Michigan and the country. Not only will we provide incentives to bring people back into dealer showrooms, but we will remove less fuel-efficient vehicles from our roads helping to reduce pollution in our environment and preserve our way or life. Bottom line, this legislation will help stimulate new car and truck sales, saving good-paying jobs in the process.
“„The bipartisan legislation introduced today by Senator Stabenow and me will give the American economy a much-needed boost by giving money from the stimulus package directly to citizens. The legislation will also give a great boost to the struggling auto industry. It’s important to note that the bill is responsibly financed by money already allocated through the stimulus package and will not require funding through additional deficit spending.
“„While the original cash-for-clunkers proposal had its roots in an environmental initiative to get less fuel efficient cars off the road, the Stabenow proposal would jump-start sales of new cars and trucks, including some that don’t quite meet the average fuel efficiency standards.