Cash For Clunkers Could Hurt Charities
WASHINGON, DC (WUSA) -- The "Cash for Clunkers" program begins Friday, July 24. It's aimed at getting more buyers into dealer showrooms and gas-guzzlers off the road. But it could have one unintended consequence; hurting the charities that depend on vehicle donations such as Melwood based in Upper Marlboro.
The non-profit worries that the new program to get old cars off the road will swallow up the supply of used vehicles it depends on. "Cash for Clunkers targets the sort of vehicles that are usually donated to Melwood," according to Janice Frey-Angel, president and CEO of Melwood. The tend to be older, high-energy, gas-guzzlers, larger vehicles, sometime the third vehicle in the family.
I had thought this a while back, that this program would undercut many charities that were taking clunkers for a tax deduction. And it appears it is. What do you think of this?
As for me, I am also concerned that this program is going to crush many classics and potential classic cars and we may lose a piece of our history in the name of fake stimulous.