Ohio Representative Betty SuttonEnlarge Photo
A couple of days ago, we mentioned that Germany's "Cash for Clunkers" program was going gangbusters and that the U.K. and China were implementing variations of their own. We also said that the U.S. congress was considering similar options, and that we'd update you soon.
Well, soon is now.
Ohio Representative Betty Sutton (Democrat, and incidentally one of The Hill's "Most Beautiful People of 2008") is introducing a bill to give American car buyers some relief on the lots. Here are the high points of Sutton's plan--which is called, perhaps too cleverly, the Consumer Assistance to Recycle and Save bill, or CARS Act:
No word on whether first-time auto buyers will qualify for the voucher. We suppose that depends on whether the goal is to sell cars in volume or simply to replace older ones with newer models. We're also not entirely sure whether this will help the Big Three, since that first stipulation merely involves cars assembled here, not specifically those made by American automakers. Still, it's a step, right?