One thing. The way it is crafted, you cannot simply go buy a clunker right now and use it to get the credit. Car has to be registered in your name for I think 120days…. which I think if you bought a clunker today, 120 days would put you after when this bill would end i think.
BUT, you aren’t obligated to buy a GM/Ford/Chrysler, so it’s not exactly a UAW bailout per se.
What it is a bailout for though is for folks that have those gas guzzler truck/suvs in recent times versus fuel efficient cars….
Oh hell, a $4500 tax credit for any new car purchase would have been fine with me. Call it a bill to stimulate the auto industry.
