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"Sell Fuel Efficient Cars Act of 2008" introduced in Senate

A bill was introduced in the Senate earlier this month that seeks to offer a $10,000 incentive for low-income families to trade in their old cars for newer, more fuel efficient models. First, a few details: eligible individuals are those who earn less than $25K per year (or $40K for families). Eligible automobiles include those made by manufacturers with US operations that have assembled autos in the US throughout the last 20 years; are rated at 25 miles per gallon or better and are at least 4.9 mpg better than the car that's being traded in. ... Read more →

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