‘Cash for Clunkers’ bill passes the U.S. House

The U.S. House yesterday approved the “cash for clunkers” legislation, which will now move up to the Senate where supporters withdrew an attempt to seek a vote last week.

The House voted 298-119 in favor or the bill, more than the two-thirds majority needed under House rules to pass legislation. All but nine Democrats votes yes, along with 59 Republicans. President Barack Obama has also shown support for the bill.

The “cash for clunkers” bill would give vouchers to shoppers of new vehicles who trade in 10-year old cars that get no more than 18 mpg. If the new vehicle they purchase gets at least 4 mpg more, they would receive a $3,500 voucher; if the new car gets 10 mpg better, they would receive a $4,500 voucher.

The bill did not say that the new car purchase had to be an American car, which most conservative House Republicans criticized the bill for.

By: Omar Rana

Source: Detroit News