On the surface, it sounds like a good idea. Provide financial incentives for owners to take their old, high-emissions vehicles off streets and highways across the nation and replace them with more energy efficient, lower-emissions vehicles. Hence, cleaner air and, as a side benefit, increased new car sales at a time when the auto industry is facing very tough times.

Those supporting the idea will suggest looking at similar programs in Germany, France and Britain. The fuel efficiency pr ...

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