CashForClunkers
13 tax changes you need to know before filing your 2009 returns
8:00AM 1/23/2010
If it seems like tax laws are changing every time you time around, it's not your imagination. Over the past eight years, changes to the Tax Code have been made at a rate of more than one a day. According to the office of the National Taxpayer Advocate, there were 500 changes in 2008 alone, many of...
Junked: 'Cash for Clunkers' not as successful as Feds hoped
6:00AM 11/05/2009
Even though last summer's Cash for Clunkers program was rated a success by some, a new report obtained by the Associated Press says the economy might not have fared as well as hoped under "Clunkers."Wednesday, the AP dug up Federal numbers that showed many of the trades didn't increase fuel...
Whether you cashed in on last summer's Cash for Clunkers program or not, you paid for a new car.
According to research from Edmunds.com, taxpayers paid an average $24,000 per clunker in buying a new car. And they did so on sales Edmunds.com says would have occurred even if the $3 billion clunker...
'Cash for Appliances' program starts this spring
10:00AM 10/29/2009
This year, you got paid for tossing out the clunker car. Next year, you'll be rewarded for getting rid of the energy-inefficient washer or fridge. Many states will be sponsoring a "Cash for Appliances" program, similar to "Cash for Clunkers" in that you'll be paid for doing a big spring cleaning of...
Consumer groups urge Congress to regulate dealer financing
4:00PM 10/15/2009
Anyone who has ever bought a car and had the purchase financed by a dealership knows what a sweaty-palm experience it can be. Even the savviest of consumers are likely to blanch after the credit manager runs all the numbers and comes up with a payment that seems way higher than anticipated. And...
Retailers exploit "clunker" concept to sell you more stuff
3:00PM 9/28/2009
Clunk. That's the sound of this blogger's head hitting her desk. Why? Because now it seems there are clunkers everywhere you turn, and that moniker is now being flogged to sell you everything from sofas to teakettles.
Whether you agree or not with the policy underpinnings that drove it, there's no...
The Transportation Department has released sales figures for Cash For Clunkers, one of the greatest frauds of the past few months, and the results are interesting.
Fifteen 2009 Hummer H3T's were sold and paid for in part with taxpayer money.
Hummers. Now defenders of the program will of course be...
Dave Ramsey compares Cash for Clunkers to subprime mortgages
1:00PM 8/26/2009
Now that Cash For Clunkers has come to a merciful conclusion, I thought it would be fun to post this video of get-out-of-debt guru Dave Ramsey explaining on his FOX Business show why Cash For Clunkers was such a horrible program. Check out the clip below, courtesy of Hulu.And by the way: If you're...
'Cash for Refrigerators' the next stimulus
9:00AM 8/25/2009
With the federal "Cash for Clunkers" program such a resounding success and now out of money, prepare for the next wave of federal stimulus money -- "Cash for Refrigerators."That isn't the formal name of the federal program, which is set to begin late this fall with rebates of $50 to $200 on...
I've been railing against Cash For Clunkers for quite some time, and it's been starting to feel lonely. Friends tell me that I "just don't get it" and angry blog comments accuse me of elitism and arrogance. But at least Ron Paul is on my side. In a scathing blog post, Congressman Paul explains...
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