Bailout passes with Bicycle Commuter Act attached; Bush si

[Oyez Oyez]

Bailout passes with Bicycle Commuter Act attached; Bush si

par Oyez Oyez » Ven Oct 03, 2008 7:30 pm

[img:400:255]http://www.bikingbis.com/_photos/DSC00457a.sized.jpg[/img]The Bicycle Commuter Act that gives companies tax breaks for offering fringe benefits to bicycle commuters was passed by the House of Representatives on Friday as they approved the $700 billion financial bailout plan by a 263-171 vote.

President Bush signed the bailout into law right away.

The Bicycle Commuter Act gives employers $20 a month tax relief for each employee who bicycles to work. It covers the cost of employer reimbursements to employees for buying, improving or repairing a bicycle or paying for bike parking.

It was first introduced some seven years ago by Congressman Earl Blumenauer of Portland. The Democrat opposes the bailout and voted against it on Friday, putting himself in the inenviable position of voting against his pet project ....

Author: Gene Bisbee
Category: Main Page Bicycle Advocacy
Publish Date: Fri, 03 Oct 2008 12:36:32 -0700



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