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@OLDS ROCKETMAN

U.S. Motorist Update
3 New Federal Vehicle Scrappage Programs Dropped From Stimulus Plan

Two Of The Programs Would Have Spent $8 Billion Tax-Dollars Each And
One Was For $16 Billion Tax-Dollars To Crush 6 Million Vehicles Of All Ages, Just To Spur New Car Sales

Law To Scrap Vehicles That Get 18mpg or Less

In January 2009, vehicle enthusiasts contacted House Speaker Nancy Pelosi (D-Ca) to oppose a nationwide “Cash for Gas Guzzlers” program in the upcoming Obama economic stimulus package and it was removed from the U.S. House version.

Then, in February 2009, several Senator’s tried to include 2 even bigger vehicle scrappage programs in the U.S. Senate version of this same economic stimulus bill.

S-247, the proposed “Accelerated Retirement of Inefficient Vehicles Act” would have spent $8 billion tax-dollars to crush or shred 2008 and older vehicles that get less than 18mpg. Another Senate version would have spent $16 billion in tax-dollars scrapping used cars.

It was estimated that over 6 million used pickups, SUV’s, high performance cars, large displacement motorcycles and collectable vehicles of all years and models would have been crushed over the next four years in these twisted attempts to spur newer car sales.

These 3 schemes were the worst versions of all vehicle scrappage programs ever suggested and definitely needed to be stopped from becoming law.

These negative laws only failed because vehicle hobbyists from all over the U.S. spoke up against these irrational and illogical plans.

On Tuesday, 2-17-09, President Obama signed an economic stimulus package into law that did not include any of these misguided vehicle scrappage programs.

While America’s vehicle hobbyists may not agree on all the various programs included in the $787 billion dollar economic stimulus package. Enough of them agreed that government sponsored and taxpayer funded vehicle scrappage programs were a bad idea and called Senator Feinstein (D-Ca) and Senator Debbie Stabenow (D-Mi) to oppose vehicle scrappage and both of their bills were dropped from the final economic stimulus package.

Not surprisingly, the article you posted is taken out of context and marginally retarded.

It’s a voucher program.

         (1) VOUCHER REDEMPTION VALUE IF USED TOWARD PURCHASE OF NEW FUEL EFFICIENT AUTOMOBILE- A voucher issued under the Program during the 4-year period beginning on January 1, 2009, may be applied to offset the purchase price of a new fuel efficient automobile by--

              (A) $4,500 if the eligible high fuel consumption automobile was manufactured for a model year that is 7 or fewer years less than the calendar year in which the voucher was issued;

              (B) $3,000 if the eligible high fuel consumption automobile was manufactured for a model year that is 8 to 10 years less than the calendar year in which the voucher was issued; and

              (C) $2,500 if the eligible high fuel consumption automobile was manufactured for a model year that is 11 or more years less than the calendar year in which the voucher was issued.

        (2) VOUCHER REDEMPTION VALUE IF USED TOWARD PURCHASE OF USED FUEL EFFICIENT AUTOMOBILE- A voucher issued under the Program during the 4-year period beginning on January 1, 2009, may be applied to offset the purchase price of a used fuel efficient automobile by--

              (A) $3,000 if the eligible high fuel consumption automobile was manufactured for a model year that is 7 or fewer years less than the calendar year in which the voucher was issued;

              (B) $2,000 if the eligible high fuel consumption automobile was manufactured for a model year that is 8 to 10 years less than the calendar year in which the voucher was issued; and

              (C) $1,500 if the eligible high fuel consumption automobile was manufactured for a model year that is 11 or more years less than the calendar year in which the voucher was issued.

        (3) VOUCHER REDEMPTION VALUE IF USED TOWARD PURCHASE OF A HIGHLY FUEL EFFICIENT AUTOMOBILE- The values determined under paragraphs (1) or (2) shall be increased by $1,000 if the voucher issued under the Program is applied to offset the purchase price of a fuel efficient automobile that achieves a measured fuel economy level that exceeds by 50 percent the fuel economy standard prescribed by the Secretary of Transportation under section 32902 of title 49, United States Code, for the model year and compliance category of such automobile.

        (4) VOUCHER REDEMPTION VALUE IF USED FOR TRANSIT FARE CREDITS- A voucher issued under the program during the 4-year period beginning on January 1, 2009, may be applied to acquire single-passenger transit fare credits from participating transit operators in an amount equal to the amounts provided under paragraph (2).

What this means is, if you trade in one of your busted ass G-body’s for something that gets decent mileage uncle sam will give you $2,500.