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Thursday, August 13, 2009

Ron Paul's Thoughts on the "Cash for Clunkers" Program

Ron Paul writes:

I have introduced a somewhat similar bill that would have provided a much better alternative to Cash for Clunkers because it does not rely on increased government bureaucracy or spending. My bill HR 1768 provides tax credits to people trading in used cars for new cars with better fuel economy. There is a big difference, in my mind, between letting people keep their own money versus giving them someone else’s. It is clear which one a free and fair society would choose. Not only that, but my bill would not have required working, serviceable cars to be destroyed for scrap metal. (Emphasis mine).
Read the entire commentary here: Cash for Clunkers: Artificial Boom and Environmental Disaster