Coming soon; Tax credits for trading in "old" cars...
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Coming soon; Tax credits for trading in "old" cars...
dwc43 Wed Apr 01, 2009 10:08 am
Coming soon; Tax credits for trading in "old" cars...
....because they are such a nuisance to our environment of course.
Part of this potential legislation could give dealers credits for destroying (aka "recycling") these same trade-ins.
Guys, the government is soon to come after the one thing that we ALL have in common here.
CQ TODAY ONLINE NEWS
March 31, 2009 – 3:18 p.m.
Hoyer Gives a Nod to Clunker Program
By Edward Epstein, CQ Staff
House Majority Leader Steny H. Hoyer said Tuesday he would expedite legislation to create a “cash for clunkers” program if needed to encourage consumers to trade in older cars for more fuel-efficient models.
“The White House believes legislation is necessary. I don’t want to make a judgement yet. But if they believe that, then we will act,” the Maryland Democrat said, adding, “I believe it will get a hearing.”
President Obama said Monday he would work with Congress to create a credit for vehicle owners to trade in old cars and trucks.
Two House Democrats, Betty Sutton of Ohio and Steve Israel of New York, have introduced legislation to create such a program, which they say would help the environment by taking inefficient cars off the road while helping hard-pressed automakers boost sales.
“The objective makes sense,” Hoyer said.
He said he realizes that some House members have criticized the White House idea, which calls for a tax credit for trading in old vehicles, because it would further complicate the tax code at a time many experts are calling for simplification.
But Hoyer said the credit isn’t the only way to go.
“There are other ways to do it,” he said, mentioning cash payments
Copied from http://www.cq.com/document/display.d...?docid=3089135
....because they are such a nuisance to our environment of course.
Part of this potential legislation could give dealers credits for destroying (aka "recycling") these same trade-ins.
Guys, the government is soon to come after the one thing that we ALL have in common here.
CQ TODAY ONLINE NEWS
March 31, 2009 – 3:18 p.m.
Hoyer Gives a Nod to Clunker Program
By Edward Epstein, CQ Staff
House Majority Leader Steny H. Hoyer said Tuesday he would expedite legislation to create a “cash for clunkers” program if needed to encourage consumers to trade in older cars for more fuel-efficient models.
“The White House believes legislation is necessary. I don’t want to make a judgement yet. But if they believe that, then we will act,” the Maryland Democrat said, adding, “I believe it will get a hearing.”
President Obama said Monday he would work with Congress to create a credit for vehicle owners to trade in old cars and trucks.
Two House Democrats, Betty Sutton of Ohio and Steve Israel of New York, have introduced legislation to create such a program, which they say would help the environment by taking inefficient cars off the road while helping hard-pressed automakers boost sales.
“The objective makes sense,” Hoyer said.
He said he realizes that some House members have criticized the White House idea, which calls for a tax credit for trading in old vehicles, because it would further complicate the tax code at a time many experts are calling for simplification.
But Hoyer said the credit isn’t the only way to go.
“There are other ways to do it,” he said, mentioning cash payments
Copied from http://www.cq.com/document/display.d...?docid=3089135
dwc43-
Number of posts : 770
Age : 54
Location : Shelbyville,Tn.
Registration date : 2009-01-25 -
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