Posts Tagged ‘Politcs

13
Oct
08

The Bicycle Commuter Act

Next year, employers who provide bike friendly facilities, i.e. parking, maintenance facilities, and other commuting support can deduct up to $20 a month per participating emplyee from their taxable income.

SEC. 211. TRANSPORTATION FRINGE BENEFIT TO BICYCLE COMMUTERS.
(a)
In General- Paragraph (1) of section 132(f) is amended by adding at the
end the following:(a) In General- Paragraph (1) of section 132(f) is
amended by adding at the end the following:’(D) Any qualified bicycle
commuting reimbursement’. …

The $20 bike benefit, should employers actually make the effort to
create a program for their cycle commuters, compares rather poorly to
the $115 mass-transit benefit already available, or the subsidies
nearly double that aimed at helping those who drive to work.

Read here for the entire review, hidden amongst our bailout package.

17
Sep
08

Asleep at the switch

Unless you’ve been living under a rock the past two months you’ve probably taken notice to the flip-flop fiscal policies of the McCain camp. Below are some McCain excerpts via The American Prospect.

Today, John McCain said, “Wall Street has betrayed us. They’ve broken the social contract between capitalism and the average citizen and the worker..This is a result of excess and greed and corruption. And that’s exactly what is plaguing Americans today. And we got to fix it and we’ve got to update our regulatory system.

OK John.  Vague political prose.

Three years ago, John McCain signed on to George W. Bush’s efforts to privatize Social Security. He surveyed Wall Street and decided that it was a stable enough institution to entrust with the nation’s pension funds. Three years ago. Even so, McCain has consistently argued that much of Social Security should be turned over to…Wall Street.

Is this an episode of The Twilight Zone?

Either he wanted to tank the nation’s pensions funds or he was one of the people asleep at the switch.

Read the entire post from Ezra Klein here.




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