Tuesday, October 14

Congress Passes Commuter Act

WASHINGTON, DC (BRAIN)—Employers of people who bike to work stand to gain a $20 per month tax credit per cycling employee, according to the final version of the Wall Street bailout bill, H.R. 1424, passed this afternoon.

The House passed the bill today with a final vote of 263-171, a comfortable margin that was 58 more votes than the measure garnered in Monday's stunning defeat. The Senate passed the bill Wednesday by a vote of 74 for and 25 against the bill.

The bicycle tax provision was part of an additional $110 billion in line items added to the already $700 billion bailout package.

What does bicycle commuting have to do with credit issues or covering the debt racked up on Wall Street?

(Full Article)

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