Bailout Biking

Obama seems to be of the mindset that a good way to tackle problems is by providing appropriate incentives. Although he had nothing to do with this, expect to see more incentive-based programs coming out of the Obama administration.

From US News and World Report...

Remember that big $700 billion bailout package that Congress passed?

There were all sorts goodies tucked inside, including one for bicyclists. Yes, bicyclists.

It's called the Bicycle Commuter Act and went into effect January 1. While employers can already dole out tax-free funds to employees for parking and public transportation, this Act permits companies to provide $20 a month tax free to employees who bike to work, allowing the money to be used for bicycle purchases and bike upkeep.

The legislation was sponsored by a Earl Blumenauer, a Congressman from Oregon, and supported by the Bike Caucus (that's a caucus I've never heard of!). Click here for more info.