Bailout me: Cyclists Approve

Part of the $700 billion (sorry, make that $840 billion, for some reason they failed to vote for the $700 billion package because it was outrageously expensive, so they asked for $140 billion more and said OK) bailout package includes a little tiny tax incentive to employers whose employees ride their bicycle to work.

Workers who ride to work will be eligible for $20 per month to cover the costs of riding (maintenance, equipment, bike expenses, etc). Employers, in return, will be able to deduct this expense from their federal taxes.

Who has the highest ridership in the nation? Portland, Oregon. 18,000+ commuters a day ride to work, up from 14,000 last year.

So let’s get ridin’. That is, if you are still employed…

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Author: JFinger

Seeking everlasting equilibrium between left and right brain activity, JFinger is a software engineer and (semi)retired classically trained musician who would come out of retirement only if put up in a nice beachhouse in the tropics with a servant offering unlimited margaritas. Meanwhile, he will continue brewing hand-crafted organic beers, a craft he has enjoyed since the late 1980s. He finds politics interesting, as well as finance, economics, sports and the funnies. He likes to read the newspaper, or at least he did before they closed them all down. Having been brought up in the newspaper business (son of a Hearst Corporation-owned newspaper reporter), JFinger is always on the lookout for some interesting and worthy story to share on the FIST.

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2 Comments

  1. This goes into gear on January 1st, 2009.

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