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55 St. Louis U. L.J. 423 (2010-2011)
Pedaling toward a More Equitable Tax-Ride for Cyclists

handle is hein.journals/stlulj55 and id is 437 raw text is: PEDALING TOWARD A MORE EQUITABLE TAX-RIDE FOR CYCLISTS INTRODUCTION With the beginning of each new decade comes a time for reflection on the past and speculation about the future. As we look back over the last ten years, wrought with turbulence and conflict, it is tempting to feel angst about what will come. Our country-its heart and stability-was challenged in an unparalleled way. From feelings of despair and anger after 9/11 and helplessness after the stock market collapsed, to feelings of frustration caused by the heated debate over climate change and the global energy crisis, as a nation, we were forced to redefine who we are and what values we hold dear. In time, we emerged from the rubble of the Twin Towers and rallied around our troops, vowed to hold our peers accountable and rebuild Wall Street, and joined together to develop alternative energy sources. Bred from that passion and loyalty we committed not only to dealing with the present, but also to preparing for the future-our country's future. So instead of merely looking to the future with angst, we may also look with optimism because, above all, we remain united. One of the most comprehensive examples of our collective efforts to rebuild the nation is the Emergency Economic Stabilization Act of 2008 (the Bailout Bill), which President George W. Bush signed into law on October 3, 2008.' The purpose of the Bailout Bill was to provide stability to the economy through federal acquisition of assets and to promote energy production and tax 2 relief through amendments to the Internal Revenue Code (the Tax Code). One of the Bailout Bill's amendments to the Tax Code extended a tax incentive to employees who elect to ride a bicycle to work.3 Section 211 made certain 1. Emergency Economic Stabilization Act of 2008, Pub. L. No. 110-343, 122 Stat. 3765 (codified in scattered sections of the U.S.C.). 2. Id. The Act's stated purpose was: To provide authority for the Federal Government to purchase and insure certain types of troubled assets for the purposes of providing stability to and preventing disruption in the economy and financial system and protecting taxpayers, to amend the Internal Revenue Code of 1986 to provide incentives for energy production and conservation, to extend certain expiring provisions, to provide individual income tax relief, and for other purposes. Id. 3. Id. § 211, 122 Stat. at 3840-41. 423

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