President Obama signs cash for clunkers bill
President Obama signs cash for clunkers bill President Obama today signed the “ cash for clunkers ” law, now known as “Car Allowance Rebate System,” that has been touted as a key stimulator for the auto industry and an environmental aid. The law provides $1 billion in funding, with $50 million allocated for administration. The specific guidelines for the program will be revealed in the next 30 days, when the plan takes effect on August 1. The CARS program is intended to encourag
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President Obama signs cash for clunkers bill
