Dueling 'Clunker Car' Bills

The House and Senate are nearly done shaping incentives to trade in gas guzzlers, but their aims differ greatly

By David Kiley BusinessWeek

Congress is halfway home on passing a bill President Barack Obama asked for more than two months ago to give consumers thousands of dollars to trade in an old inefficient car, sport-utility vehicle, or truck for a less gas-thirsty one. The hang-up is between two versions in the Senate. One would require consumers to make more of a leap in fuel efficiency. Another Senate bill, similar to the one passed by the House last week, is less concerned with providing "green" incentives than clearing dealer lots of SUVs and pickups and giving a helping hand to Detroit automakers.

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