BREAKING: House passes 'cash for clunkers' legislation
06-10-2009, 07:42 AM
#17
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This is fantastic for cars like the Fusion and Escape hybrids.
I imagine it will also take a lot of early 90's SUVs and trucks off the road since they are at the other end of the spectrum.
Your Avalanche is probably worth more than $4500. You know they crush the car you trade in.
They will get a lot of it back in sales tax. $30,000 car brings in $2,475 worth of sales tax.
Look at it as your federal tax dollars being transferred to your state and county gov't were it can be put to better use.
A car hobby is a luxury. They should not be subsidizing peoples luxuries.
I imagine it will also take a lot of early 90's SUVs and trucks off the road since they are at the other end of the spectrum.
They will get a lot of it back in sales tax. $30,000 car brings in $2,475 worth of sales tax.
Look at it as your federal tax dollars being transferred to your state and county gov't were it can be put to better use.
A car hobby is a luxury. They should not be subsidizing peoples luxuries.
Last edited by Z28x; 06-10-2009 at 07:48 AM.
06-10-2009, 07:57 AM
#20
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They are subsidizing the auto industry. Although like I said, the majority of the money will come back in sales tax, and then of course less gas consumed means cheaper prices for all of us.
06-10-2009, 08:30 AM
#21
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Sorry.
06-10-2009, 08:32 AM
#22
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06-10-2009, 09:39 AM
#23
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Not to mention several other industries as well, from the suppliers to the bank that finance the vehicle bought. This keeps EVERYTHING going. Especially since a majority of these sales wouldn't have happened otherwise.
06-10-2009, 09:45 AM
#24
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Is your hobby collecting $1000 rusted out pickup trucks? It is not like anyone is trading in a 69 Camaro ZL1 for a Cobalt XFE.
06-10-2009, 09:46 AM
#25
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The 18 mpg really eliminates a lot of older cars unless it is a v-8 sports car, truck or SUV.
06-10-2009, 09:56 AM
#26
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ZL1's are out of my league. But I bought a clean, rust free, original 3rd gen last year, for less money than it would be worth had it been junked in exchange for a new Kia, according to this bill.
06-10-2009, 10:02 AM
#27
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Once again - no thanks. More of the Nannie State trying to tell me what's best for me....and using my money to do it.
06-10-2009, 10:13 AM
#28
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06-10-2009, 10:14 AM
#29
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I think you're being very optimistic. I see it as another reason to find something else to tax to raise money for the feds. How about a Federal sales tax? Was in the news recently. That would bring some of the money back to the Federal Treasury....
Once again - no thanks. More of the Nannie State trying to tell me what's best for me....and using my money to do it.
Once again - no thanks. More of the Nannie State trying to tell me what's best for me....and using my money to do it.
06-10-2009, 10:15 AM
#30
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I wish they would pass the Fair Tax, that has been talked about for years, I just don't see it happening.
I'm starting to feel like I should be wearing an aluminum foil hat when I visit this message board 
Last edited by Z28x; 06-10-2009 at 10:22 AM.