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The popular “Cash for clunkers” program is going to get a refill. The White House announced this morning that it would seek ways to keep the initiative alive. The U.S. House of Representatives voted to add an additional $2 billion into the “cash for clunkers” program. The bill was approved on a vote of 316-109.
Cash for clunkers, otherwise known as the Car Allowance Rebate System, offered owners of older, gas-guzzling cars and trucks $3,500 to $4,500 toward a new fuel-efficient models.
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