Car Allowance Rebate System

$24,000 Cash Per Clunker? So Says The Analysis
Nelson Ireson By Nelson Ireson

$24,000 Cash Per Clunker? So Says The Analysis

10/29/2009

The Car Allowance Rebate System (CARS) was proposed as a necessary and cost-effective way of stimulating the economy and the car industry when it was being debated this summer. Once it went into action, it proved hugely popular, needing emergency funding expansion to meet the demand. But what was...

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