An Ohio congresswoman has proposed a wide-ranging program to give consumers up to a $5,000 cash voucher to buy new, more fuel-efficient vehicles. Rep. Betty Sutton, D-Ohio, proposes giving consumers vouchers in exchange for turning in vehicles at least eight years old, dubbed the Consumer Assistance to Recycle and Save bill, or CARS Act.
"The CARS Act will achieve many goals: consumers will finally get a break to purchase more fuel-efficient vehicles; we will all benefit from a reduction of CO2; and the auto industry will get a jumpstart to spur sales," Sutton said. "This legislation will help consumers, stimulate our economy, improve our environment, reduce our dependence on foreign oil, and help our domestic auto and related industries, upon which millions of American families depend for employment."
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