Finally, I was able to read more about the new Cash for Clunkers bill now to be officially called Car Allowance Rebate System (C.A.R.S) by July 22, which was passed by the US Congress last week and about to be signed by President Obama. This bill generated several debates as well although not as intense as the ACES bill.
Inserted as a tiny small bill called "Consumer Assistance to Recycle and Save Act of 2009" under the War Appropriations Act HR 2346, this $1 billion stimulus bill aims not only to help revive the auto industry but to also supposedly drive purchase of more fuel-efficient vehicles.
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[Photo from Flickr By crazytales562]