There's another great benefit for this "Cash for Clunker" program - Sales tax for the States

[LynneSin]

I live in Delaware so we are pretty much sales tax free except a few items - like cars. So every car sold under this program, 2.5% is paid to the state in sales tax.

So if the final price of the car is $10,000, that would be $250 going to the state of Delaware.

If 100 cars were sold, that's $25,000 going to the state.

Now I live in a small state, imagine what's happening in California where their sales tax is around 8%.

That means they get $800 per car and I'm sure they may have easily sold 10,000 cars during this program or $8,000,000 dollars coming into the state. Sure, with a budget like California that may not seem like much but every penny counts.

[BobRossi]

1. Trickle up.

The only thing that really works.

[zbdent]

2. more like bubble up ...

trickle down is saying that "a steady rain waters the entire lawn" and then spraying water directly on the fruit of the tree ...

[TexasObserver]

3. Yes, indeed!

[DevonRex]

4. They were talking about that on hte news here the other night.

And the president of hte car dealers association was just ecstatic. And he's as republican as you can get.