Provisions of the long-sought Bicycle Commuter Act are included in the $700 billion financial bailout bill passed by the Senate on Wednesday night.
The bicycle commuter measure provides a tax benefit to employers who offer cash reimbursements to employees who ride their bicycles to work. It was pigeonholed after it was first introduced in 2005, and Rep. Earl Blumenauer of Portland and Senator Ron Wyden of Oregon reintroduced it in 2007.
It appeared dead in the water again this fall, until it suddenly appeared in the Senate version of the bailout bill along with other tax breaks worth $108 billion for businesses and families.
The bicycle commuter act is small in comparison to the other "sweeteners" as it's estimated to cost $10 million. It was probably added to the new version to make the bailout more palatable to Blumenauer, who voted against the original bailout on Monday .... more »


