WASHINGTON – Faced with the rising cost of gas, the Democratic Presidential candidates announced their support for a bill that would create a new program for those owners of SUVs, trucks and vans who have suddenly found themselves with vehicles with poor gas mileage and the inability to sell them.
The bill, nicknamed “Too Much Car”, would give tax credits for car dealerships that trade these larger vehicles for small or midsize cars– and double the credit for those who trade for a hybrid.
“The American people deserve smaller cars and better fuel efficiency. Unfortunately, they are making high car payments on vehicles that no one wants to buy! We must give these Americans a way to save money,” stated Senator Clinton.
“Americans need change. Change in their government and change in their pocket. We need to ask dealers to change their policies and in order to do that, I’m asking for a change in the tax code so that we can become a nation of changed drivers,” said Senator Obama in a speech.
Though the Republicans are still asking for a clearing of regulations so that we can reduce dependence on foreign oil by drilling at home, the Democrats appear poised to take advantage of the President’s stimulus package and tack on this tax cut for dealers.