http://www.detnews.com/apps/pbcs.dll/article?AID=/20080429/BIZ/804290426/-1/rss
WASHINGTON -- U.S. Rep. Joe Knollenberg proposed spending more than $1.2 billion
over five years to aid domestic automakers as
they spend billions to comply with new fuel economy standards.
He also
proposed a rewrite of the tax code that could be worth as much as $3.2 billion
to Detroit's Big Three automakers in annual tax rebates.
Normally I would say I am against such subsides, but I see how this area is hurting and would support it if there were a provision that the money has to be spent in the US or somehow be guaranteed to help American workers. This money cannot be spent overseas.
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