Someone in Honda's PR department was thinking this morning. That's evident from the smart press release the automaker issued today, which states that Honda offers nine models – from the Insight hybrid to the Ridgeline pickup – that can qualify for a cash-for-clunkers voucher. ———- The '09
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Cash for Clunkers has another negative consequence. It will harm donations of car to charity because the voucher is much greater than the tax deduction for donating a car. Congress could have stimulated car sales by just returning to allowing car donors to claim the book value as their tax deduction. Since most donated cars are recycled, there would be an environmental benefit as well.
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