RR Phantom
Location : Wasted Space Job/hobbies : Cayman Islands Actuary
| Subject: OZschwitz: Clueless Gillard apes Obama with ridiculously wasteful 'cash for clunkers' scheme Sat Jul 24, 2010 5:29 pm | |
| Old car owners will score a $2000 rebate if they buy a new fuel-efficient vehicle, under a "cash for clunkers" scheme announced by Julia Gillard today.
Ms Gillard said that if re-elected, Labor will, from next January, privide a $2000 rebate to owners of cars manufactured before January 1995 if they trade them in for a brand-new car meeting fuel-efficient standards.
The $394 million cost of the scheme will be financed by cuts in several other climate programs, including $220 million coming off the solar flagship program.
But Opposition Leader Tony Abbott said the announcement was a snub to a cabinet minister who rejected a similar scheme last year for being too expensive.
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