Detroit's Salvation: Higher Gas TaxesChris Farrell
America's "Cash for Clunkers" program is over. The nearly $3 billion initiative to boost auto sales successfully encouraged car owners to swap some 700,000 aging, fuel-guzzling vehicles for newer, more fuel-efficient ones. Consumers that benefited from a subsidy of up to $4,500 took advantage of the opportunity to upgrade their vehicles.
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