Democratic Party "Speaker of the House" Nancy Pelosi and her gang pushed through a worthless 290 page energy bill that did not allow any amendments and was voted on late at night.
Nancy's BIG solution to the energy crisis and cutting edge plan to reduce dependency on foreign oil?...
It can be found on page 255
Section 827 of the bill defines the "Transportation Fringe Benefit to Bicycle Commuters."
It says: "The term 'qualified bicycle commuting reimbursement' means, with respect to any calendar year, any employer reimbursement during the 15-month period beginning with the first day of such calendar year for reasonable expenses incurred by the employee during such calendar year for the purchase of a bicycle and bicycle improvements, repair and storage, if such bicycle is regularly used for travel between the employee's residence and place of employment."
Bottom line: Employers could count as a deductible business expense a tax-free $20 monthly reimbursement to workers who bike to work.
Another commendable "Alternative Energy" solution coming from our "Democrat" friends but this is what they came up with? What are the logistics of this plan and how will Nancy validate or monitor bicycle use? Will there be Federal government agency created to enforce\monitor\validate this program? Do I still get credit during the winter months while commuting in snow, rain, sleet? Will this new "Alternative Solution" eliminate the foreign oil now being purchased from foreign OPEC countries and which ones?