After weeks of heel dragging, the proposed ‘cash-for-clunkers’ bill will finally be voted on by the full House at 3pm today. The program, which would offer new car buyers up to $4,500, has been floating around Washington for some time now but with little progress.
The program likely has enough support to pass through the House, but could face opposition in the Senate. Just yesterday four Senators, including Dianne Feinstein, D-Calif., introduced a new cash-for-clunkers bill that would increase oil saving 32 percent over the Sutton bill currently in front of the House, according to Automotive News.
Under the Feinstein bill, eligible trade-in cars would need to average 17 mpg or less – 1 mpg less than the 18 mpg standard required by the Sutton bill. The Feinstein bill would also require the new vehicle achieve 2 mpg better than that currently required by the Sutton bill.
Both Senate bills seem to have a fair amount of support, making the timeframe for a cash-for-clunkers law cloudy, at best.
