Posts Tagged ‘vehicles’

Democrats in the House plan to subsidize vehicle trade-ins

Wednesday, May 6th, 2009

News Story:

Democrats in the House of Representatives want to pass a bill that gives consumers money to trade in their old vehicles for new vehicles with improved gas mileage over their current vehicles.  This is to help US car manufacturers and to improve the overall gas mileage of vehicles on the road in the US.

Commentary:

This is a good idea overall for its helpfulness to struggling US car manufacturers, although it is paid for with stimulus money, which I am opposed to.  The supposed benefit to gas mileage of cars on the road is a bit of a ruse, though, as the car dealers will just resell the trade in vehicles and most will remain in use.