Tag Archives: Cash Allowance Rebate System

Senator wants review of ‘Cash for Clunker’ spending

Ranking Senate Finance Committee member and Republican Senator from Iowa Charles Grassley, has asked the DOT for an accounting of the administrative costs for the ‘cash for clunkers’ program. The program was risked out in a very ad-hoc manner, and this causes concern for Grassley. The Dept. has thus far spent $77 million and expects […]

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Cash for Clunkers: Taxpayers actually paid $24,000 per vehicle

Of the 690,000 new vehicles sold under the Cash-for-Clunkers program last summer, 565,000 were vehicles that would have otherwise been sold regardless of the program, Edmunds said in an analysis of the program released on Wednesday. Auto sales did contribute heavily however, to the expansion of the economy, as CNN reports that they added 1.7 […]

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