Tags: senate | passes | clunkers

Senate Clears 'Cash for Clunkers' Extension

Thursday, 06 Aug 2009 08:35 PM

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

The U.S. Senate approved and sent to the White House on Thursday a $2 billion extension of the "cash for clunkers" autos sales incentive program.

The measure, approved by 60 to 37, extends the surprisingly successful program that has raised sales of the U.S. auto industry.

The initial $1 billion of funding approved in June for "clunker" business has generated more than $920 million in rebates and more than 220,000 in auto sales.

Supported by the incentive program, U.S. auto sales overall were down about 12 percent in July from a year earlier, but it was their best performance this year.

The program offers consumers a federally backed rebate of up to $4,500 if they trade in old vehicles for new, more fuel efficient ones.

The House of Representatives approved the extension on July 31, and President Barack Obama is expected to quickly sign it.

Supporters of the extension defeated several Republican amendments aimed at derailing the plan in the Senate.

© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

AG Holder to Ban Racial, Religious Profiling by Feds

Tuesday, 30 Sep 2014 19:48 PM

Outgoing Attorney General Eric Holder is preparing an order to prohibit racial and religious profiling by federal law en . . .

Rep. John Mica to NM: Drones Now Biggest Threat to WH Security

Tuesday, 30 Sep 2014 19:29 PM

The greatest security threat to the White House is not people jumping the fence - it is drones, Rep. John Mica told News . . .

Judge Blocks Obamacare Tax Rule for Non-Exchange States

Tuesday, 30 Sep 2014 19:15 PM

An Oklahoma federal judge dealt a blow to President Barack Obama's health-care law, invalidating IRS rules aimed at maki . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved