Virginia Senator Introduces new "Cash for Clunker"
legislation, includes used cars
Webb suggests giving cash for buying a newer car
By Bill Bartel
The Virginian-Pilot,
http://hamptonroads.com/2009/06/webb-suggests-giving-cash-buying-newer-car
© June 5, 2009
U.S. Sen. Jim Webb of Virginia wants the federal government to give
motorists a financial reward if they trade in their old automobiles.
Anyone trading in a vehicle that's at least five years old would get a
voucher worth $4,000 toward the purchase of a new one, or $3,000 to buy a
used vehicle that is less than three years old, under legislation that
Webb introduced Thursday.
The senator said the proposal is intended to protect jobs and revive the
car market.
"With more than 3 million jobs tied to the viability of the automobile
industry... this amendment would boost auto sales, help save American
jobs, and make car purchasing more practical for more Americans," Webb
said.
The legislation is an amendment to H R 1256, the FDA tobacco regulation
bill.