Bailout Includes Credit for Bicycle Commuters

I found this on the Bicyle City Blog which discusses the most recent bailout, which includes a credit for bicyle commuters. Hopefully in the next administration of either Barack Obama or John McCain, bicycling commuting will be promoted more. Electric Bikes are a great way of commuting since they give a power assist of up to 20 miles per hour, and use no gas.


Bailout Includes Credit for Bicycle Commuters

The $700 billion Wall Street bailout plan included a little bonus for bicycle commuters: $20 per month tax-free reimbursement. Those who commute by bike and work with others who get free or reduced parking or transportation assistance are eligible for the credit. Employers can deduct the $20 from federal tax in 2009. Regardless of what you think about the bailout (or emergency economic stabilization act), if you're a cycling advocate, you'll know this is good news. Cyclists need to be recognized by the government, and as a society, we have to acknowledge the positive contribution bicycle commuters have on the environment, on traffic congestion and on health. This is a posititve step in integrating bicycles into society and giving them equal weight with motor vehicles.