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Wed June 10, 2009
Scene shifts to Senate after House passes bill hoping to boost auto sales
WASHINGTON – WASHINGTON (AP) - The focus to boost new car sales and get old gas guzzlers off the road now turns to the Senate after easy House approval.
The "cash for clunkers" bill, which passed the House 298 to 119, would give consumers instant vouchers of up to $4,500 when they turn in older, gas guzzling vehicles and buy new, more fuel-efficient ones.
The aim is to help the ailing auto industry, which has seen sales drop by more than a third in just two years.
California Democratic Congressman Henry Waxman says the bill is an all-around winner.
The year-long program is expected to cost about $4 billion but there's been no determination yet where the money will come from.