6/16/2009
House and Senate Agree to Add Cash for Clunkers to Wartime Spending Bill
A compromise version of the bill is expected to pass this week.
Following the House's approval last week of a $4 billion "Cash for Clunkers" bill,
Detroit News
has reported that the House and Senate have now agreed to add a $1
billion “Cash for Clunkers” provision to the $106 billion War
Supplemental bill currently under review.
This agreement calls for the same requirements as the measure approved
by the House last week. Car owners could get a voucher worth $3,500 if
they traded in a vehicle getting 18 miles per gallon or less for one
getting at least 22 miles per gallon. The value of the voucher would
grow to $4,500 if the mileage of the new car is 10 mpg higher than the
old vehicle.
A compromise version of the two bills is expected to pass this week.