House and Senate Agree to Add Cash for Clunkers to Wartime Spending Bill - Engine Builder Magazine
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House and Senate Agree to Add Cash for Clunkers to Wartime Spending Bill

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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.

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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.

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