A New Rebate Debate
August 3, 2009
Earlier this year, it was announced that the U.S. Federal Government would attempt to stimulate automobile sales by offering cash back for trading in qualified vehicles. One billion dollars was set aside for the rebates which ranged from $3,500 to $4,500. The program was slated to begin on July 1, 2009 and run through November. Various factors caused it to be delayed to late July and it was an immediate success. So much so, that after only one week there was no money left to reimburse participating dealerships. The program was suspended and at the time of this writing, Congress is debating adding an additional two billion dollars to extend the offer. The “Cash for Clunkers” program is the second popular rebate program in 2009. In February, Congress delayed the switch to digital television by three months after the National Telecommunications and Information Administration announced it ran out of funds for the converter box rebate program.
Public response to Cash for Clunkers was splendid
Lacking funds caused the program to be suspended
It’s just another version
Of the digital conversion
But these rebate programs often get extended
Tags: $3500, $4500, Car Allowance Rebate System, cars, Cash for Clunkers, converter box rebate, July 1 2009, one billion dollars, rebate, two billion dollars, United States Federal Government
Posted on: August 3, 2009
Filed under: Other
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1 Comment
DBT
August 3rd, 2009 at 7:35 am
One billion, two billion … exactly WHO is funding these rebates? Taxpayers. What happened to taxation with representation? Voting has declined to voting for the lesser of evils. Does *any* government work well???
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