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Hr 2776

douglas

Chocolate Milk Doug
May 15, 2002
9,887
6
Shut up and Ride
The US House of Representatives approved an energy conservation bill on Saturday that includes, among other things, a tax break of $20 per month for bike commuters, which takes effect at the beginning of next year.

The vote on HR 2776 was largely split along party lines, and was preceded by inspired testimony from Congressman Patrick McHenry, a NC Republican

Here's McHenry, as quoted in the Congressional Record:

"A major component of the Democrats' energy legislation and the Democrats' answer to our energy crisis is, hold on, wait one minute, wait one minute, it is promoting the use of the bicycle.

Oh, I cannot make this stuff up. Yes, the American people have heard this. Their answer to our fuel crisis, the crisis at the pumps, is: Ride a bike.

Democrats believe that using taxpayer funds in this bill to the tune of $1 million a year should be devoted to the principle of: "Save energy, ride a bike.'' Some might argue that depending on bicycles to solve our energy crisis is naive, perhaps ridiculous. Some might even say Congress should use this energy legislation to create new energy, bring new nuclear power plants on line, use clean coal technology, energy exploration, but no, no. They want to tell the American people, stop driving, ride a bike. This is absolutely amazing.

Apparently, the Democrats believe that the miracle on two wheels that we know as a bicycle will end our dependence on foreign oil. I cannot make this stuff up. It is absolutely amazing.

Ladies and gentlemen, I bring you the Democrats, promoting 19th century solutions to 21st century problems. If you don't like it, ride a bike. If you don't like the price at the pumps, ride a bike.

Stay tuned for the next big idea for the Democrats: Improving energy efficiency by the horse and buggy."
 

$tinkle

Expert on blowing
Feb 12, 2003
14,591
6
the only way patrick henry got elected is his name. has to be. what a fackin moron. the democrats never said biking to work is the silver bullet. it's about a mindset - an attitude - that will make us more aware of our self-centered lives. and at what cost? only $240/yr, which is an outstanding return on investment. it will also result in lower health care costs.

looks like the democrats outflanked the republicans on this one.

hey loop, where's teh commuter thread for this week?
 

Silver

find me a tampon
Jul 20, 2002
10,840
1
Orange County, CA
Pretty disingenous to complain about pork when you're a member of the House Republicans (who have overseen the largest expansion in earmarks, ever) and you have this link on the front page of your website:

http://mchenry.house.gov/News/DocumentSingle.aspx?DocumentID=69928

Oh, by the way. Wikipedia says he's 31, Catholic, single, and has worked in politics his whole life. There's a gay sex scandal just waiting to happen...

One more edit: Look at the photos on his website, notice the proportion of women to men. He sure ain't Bill Clinton...but he seems to just LOVE firefighters.
 

LordOpie

MOTHER HEN
Oct 17, 2002
21,022
3
Denver
McHenry is such a c0cksucker.

What a short-sighted vision to an immediate solution that would not only help with gasoline prices, but pollution, healthcare, and road congestion and maintainence.

So how would we go about getting our $20/month?
 

$tinkle

Expert on blowing
Feb 12, 2003
14,591
6
Pretty disingenous to complain about pork when you're a member of the House Republicans (who have overseen the largest expansion in earmarks, ever)
good call.
Silver said:
Oh, by the way. Wikipedia says he's 31, Catholic, single, and has worked in politics his whole life. There's a gay sex scandal just waiting to happen...
since he's from the south, maybe he'll lobby for tax breaks for the makers of a deliverance sequel
Silver said:
One more edit: Look at the photos on his website, notice the proportion of women to men. He sure ain't Bill Clinton...but he seems to just LOVE firefighters.
he's taking this cue from san diego
LordOpie said:
So how would we go about getting our $20/month?
eFile in '09
 

syadasti

i heart mac
Apr 15, 2002
12,690
290
VT
I wonder how they audit your commuting to make sure you are riding to work most of the time?
 

syadasti

i heart mac
Apr 15, 2002
12,690
290
VT
How much do I have to commute by bike? Once a week? Every day?
Google eh...

SEC. 205. EXTENSION OF TRANSPORTATION FRINGE BENEFIT TO BICYCLE COMMUTERS.

(a) In General- Paragraph (1) of section 132(f) of the Internal Revenue Code of 1986 (relating to general rule for qualified transportation fringe) is amended by adding at the end the following:

`(D) Any qualified bicycle commuting reimbursement.'.

(b) Limitation on Exclusion- Paragraph (2) of section 132(f) of such Code is amended by striking `and' at the end of subparagraph (A), by striking the period at the end of subparagraph (B) and inserting `, and', and by adding at the end the following new subparagraph:

`(C) the applicable annual limitation in the case of any qualified bicycle commuting reimbursement.'.

(c) Definitions- Paragraph (5) of section 132(f) of such Code (relating to definitions) is amended by adding at the end the following:

`(F) DEFINITIONS RELATED TO BICYCLE COMMUTING REIMBURSEMENT-

`(i) QUALIFIED BICYCLE COMMUTING REIMBURSEMENT- 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.

`(ii) APPLICABLE ANNUAL LIMITATION- The term `applicable annual limitation' means, with respect to any employee for any calendar year, the product of $20 multiplied by the number of qualified bicycle commuting months during such year.

`(iii) QUALIFIED BICYCLE COMMUTING MONTH- The term `qualified bicycle commuting month' means, with respect to any employee, any month during which such employee--

`(I) regularly uses the bicycle for a substantial portion of the travel between the employee's residence and place of employment, and

`(II) does not receive any benefit described in subparagraph (A), (B), or (C) of paragraph (1).'.

(d) Constructive Receipt of Benefit- Paragraph (4) of section 132(f) is amended by inserting `(other than a qualified bicycle commuting reimbursement)' after `qualified transportation fringe'.

(e) Effective Date- The amendments made by this section shall apply to taxable years beginning after December 31, 2007.
 

$tinkle

Expert on blowing
Feb 12, 2003
14,591
6
the definition of "regularly uses the bicycle" is real open-ended, which is surprising due to how far along this piece of legislation has gotten so far. makes you think congressmen don't have any appreciation whatsoever how the real world works.

as far as an audit goes, would you show them your locker @ work, or take them on your route, or show them your stable, produce your riding journal?
 

dhbuilder

jingoistic xenophobe
Aug 10, 2005
3,040
0
Stay tuned for the next big idea for the Democrats: Improving energy efficiency by the horse and buggy."

i can just see me trying to load up a table saw, joiner, planer, shaper, compressors etc... on the bob trailer as i travel across town from shop to jobsite.

oh, and the $20 per month.
you'll never come close to seeing that.
cause as soon as "your girl" (her self description) gets in the house, the tax breaks will be allowed to expire and the $$$ pump will dry up.

how many of you kids were out in the working world during the beginning of her husbands term ??
the big $$$'s quit flowing and many a project came screeching to a halt as everyone shut the tap to wait and see what was on the horizon.
it was years before it picked up again.

you may be on bikes because you have to, not by choice.
 

LordOpie

MOTHER HEN
Oct 17, 2002
21,022
3
Denver
i can just see me trying to load up a table saw, joiner, planer, shaper, compressors etc... on the bob trailer as i travel across town from shop to jobsite.

oh, and the $20 per month.
you'll never come close to seeing that.
cause as soon as "your girl" (her self description) gets in the house, the tax breaks will be allowed to expire and the $$$ pump will dry up.

how many of you kids were out in the working world during the beginning of her husbands term ??
the big $$$'s quit flowing and many a project came screeching to a halt as everyone shut the tap to wait and see what was on the horizon.
it was years before it picked up again.

you may be on bikes because you have to, not by choice.
I'd reply but you've proven that you're a coward with hit-and-run tactics in this forum.
 

dhbuilder

jingoistic xenophobe
Aug 10, 2005
3,040
0
I'd reply but you've proven that you're a coward with hit-and-run tactics in this forum.

perhaps if there was anyone worth conversing with.
it's hard to have a chat with folks who believe every fairy tale that arianna reads you every night.

besides, i'm just in here for lunch and a few laughs. and this one sided political myopia always provides the humor.
 

Echo

crooked smile
Jul 10, 2002
11,819
15
Slacking at work
you may be on bikes because you have to, not by choice.
I ride my bike to work because:

1) I get 2 workouts per day
2) I save enough money on gas every week that my Friday happy hour beers are free
3) I like riding my bike

However I do own a perfectly usable vehicle and I choose NOT to drive it to work. Did you have a point?
 

$tinkle

Expert on blowing
Feb 12, 2003
14,591
6
i can just see me trying to load up a table saw, joiner, planer, shaper, compressors etc... on the bob trailer as i travel across town from shop to jobsite.
from this, i take it you're a contractor, and enjoy other tax breaks that people like me who work in a cubefarm don't. $20/month ain't going to put my kid through school, but this is one gesture i can get behind. again, the symbolism is worth more than $20/month (to me). to be honest, i feel a more than just a little pious when i roll past some fat cow in her H3 stuffing a hot carls down her throat. so fat the bluetooth has been assumed by her goiter.
dhbuilder said:
oh, and the $20 per month.
you'll never come close to seeing that.
cause as soon as "your girl" (her self description) gets in the house, the tax breaks will be allowed to expire and the $$$ pump will dry up.
no way. again, this is about symbolism - a foot in the door - that congress & other greenies can milk for cheap.
 

sanjuro

Tube Smuggler
Sep 13, 2004
17,373
0
SF
i can just see me trying to load up a table saw, joiner, planer, shaper, compressors etc... on the bob trailer as i travel across town from shop to jobsite.

oh, and the $20 per month.
you'll never come close to seeing that.
cause as soon as "your girl" (her self description) gets in the house, the tax breaks will be allowed to expire and the $$$ pump will dry up.

how many of you kids were out in the working world during the beginning of her husbands term ??
the big $$$'s quit flowing and many a project came screeching to a halt as everyone shut the tap to wait and see what was on the horizon.
it was years before it picked up again.

you may be on bikes because you have to, not by choice.
Maybe you don't understand how the tax system works.

Let say this passes. I declare a $240 deduction. End of story.

One thing I wonder is how I would prove this deduction. I am sure there will be fraud but no worse than any other tax cheater.

I don't see how this throw America into chaos, or bring the truck/van industry to its knees. It will probably encourage some more white collar workers to ride to workl

So I get $240 for doing something I do anyway?
 

LordOpie

MOTHER HEN
Oct 17, 2002
21,022
3
Denver
However I do own a perfectly usable vehicle and I choose NOT to drive it to work.
hell, I have a jeep and motorcycle, so I love it when idiots say that i don't pay taxes.

Did you have a point?
Sometimes he has good points, but because he's a tool with his hit-and-run insults and doesn't actually stick around for conversations... well, no one cares what he posts, point or not.

Seriously, can you ban someone from a forum? (Unless he's willing to actually debate/discuss)
 

douglas

Chocolate Milk Doug
May 15, 2002
9,887
6
Shut up and Ride
how many of you kids were out in the working world during the beginning of her husbands term ??
the big $$$'s quit flowing and many a project came screeching to a halt as everyone shut the tap to wait and see what was on the horizon.
it was years before it picked up again.

you may be on bikes because you have to, not by choice.
I was and what your saying sounds like a load of crap / made up / your imagination / etc
 

ohio

The Fresno Kid
Nov 26, 2001
6,649
26
SF, CA
This is a tax CUT for $1 million... frankly pennies in terms of a federal budget. It is purely symbolic, but a great gesture to make.

To put it in perspective, the luxury SUV tax loophole (raising the deductible amount from a work-truck-appropriate $25k to $75k and then $100k) cost about $1 billion per year (that's 1000x more tax-payer dollars for those that can't do math), and encouraged exactly the wrong kind of behavior. Wonder how DHbuilder felt about that one?
 

blue

boob hater
Jan 24, 2004
10,160
2
california
This is a tax CUT for $1 million... frankly pennies in terms of a federal budget. It is purely symbolic, but a great gesture to make.

To put it in perspective, the luxury SUV tax loophole (raising the deductible amount from a work-truck-appropriate $25k to $75k and then $100k) cost about $1 billion per year (that's 1000x more tax-payer dollars for those that can't do math), and encouraged exactly the wrong kind of behavior. Wonder how DHbuilder felt about that one?
Being a contractor, he probably wrote the thing off.

Tool.

The H2s covered in a business' adwraps are classic.
 

dan-o

Turbo Monkey
Jun 30, 2004
6,499
2,805
To put it in perspective, the luxury SUV tax loophole (raising the deductible amount from a work-truck-appropriate $25k to $75k and then $100k) cost about $1 billion per year (that's 1000x more tax-payer dollars for those that can't do math), and encouraged exactly the wrong kind of behavior.
That write-off wasn't designed to put realtors in H2s, it just happened that the luxury SUV market was able to capitalize on a ill-defined policy beneficial to commercial vehicle owners.

The bulk of businesses which benefit from the vehicle tax break likely generate more than enough taxes (income, sales etc) using them to offset the 'cost' you mentioned, at least mine did. The one-time deduction on my truck was around $12k, nothing life altering.
 

ohio

The Fresno Kid
Nov 26, 2001
6,649
26
SF, CA
That write-off wasn't designed to put realtors in H2s, it just happened that the luxury SUV market was able to capitalize on a ill-defined policy beneficial to commercial vehicle owners.
Bull****. The deduction was already in place, under Clinton, for vehicles over 6500lbs up to $25,000 in value, which had a loophole in itself allowing you to deduct up to $25k from a vehicle worth a lot more. The change in the law was to up the deductible amount to $75,000 and then later to $100,000.

One could argue that with inflation $25,000 was too low, but that would result in an incremental increase to $30,000 or $35,000 at most (a 1 ton commercial dually is around this price). One could argue that very large vehicles (e.g. dump trucks) cost in the $70k-100k range, except that those are already covered under existing heavy equipment deductions. So really,m seriously, without question, this law was designed to stretch an existing reasonable law to create a loophole allowing luxury SUVs to be tax deductible by anyone with their own business or even partial self-employment.

As far as businesses generating tax revenue, no ****. ALL businesses generate tax revenue unless they're going under. Why does the fact that my real estate business generates tax revenues mean other tax payers should pay to make my H2 cost the same as a Camry? If a realtor that drives clients around SHOULD get a tax break, it should be for any vehicle, not just one over 6500lbs.
 

$tinkle

Expert on blowing
Feb 12, 2003
14,591
6
I never thought I'd see people on a cycling forum complaining about tax breaks to encourage cycling.
bitching about tax breaks for the rich cannot be offset by encouraging others to ride

or so it seems
 

MikeD

Leader and Demogogue of the Ridemonkey Satinists
Oct 26, 2001
11,737
1,820
chez moi
as far as an audit goes, would you show them your locker @ work, or take them on your route, or show them your stable, produce your riding journal?
Show the collection of side-view mirrors you've been working on...