The stimulus bill is being raked over in the Senate. Buy America appears to be out. Good move.
NYT: Buy America In television interviews tonight, President Obama agreed with Republicans that provisions should be stripped from the House and Senate stimulus bills requiring the use of made-in-the U.S.A. steel, iron or other goods in these financed projects. The Chamber of Commerce and other business groups called the measures protectionist.
Incentives on new car purchases is in:
Automobile Help If you buy a car, a mini-van or a light truck, an amendment passed 71-26 by the Senate today may help if the full stimulus package is ultimately approved. Senator Barbara Mikulski touted the proposal as consumer-friendly, saying interest payments on car loans as well as sales tax would be tax-deductible on new cars through 2009. There are income limits for eligibility, but she said it would offer a savings of $1,553 on a $25,000 car. Read more at NYT
