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Posted: 8:43 PM Jun 7, 2009
Stimulus Dollars
Congressman Don Manzullo says these dealer cuts are a travesty and that the government is allowing monopolies to form. He's also angry with how the 787-billion stimulus dollars are being spent.
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The "Cash for Clunkers" bill will put every charity car donation program in the nation out of business since the amount of the voucher would be much greater than the tax deduction. The solution is to simply allow the charity to issue the voucher in lieu of the tax deduction. The charity would then junk the car in accordance with the bill. This way, everyone wins, the car dealer, car maker, car buyer and the charity.
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