Andy from Stimulus Bike alerted us to his new blog, and we thought we’d share it with you.
Just what is Stimulus Bike? Well,
Dubbed the “The American Recovery and Reinvestment Act” by Barack Obama, this economic stimulus package is still in development and no details are known for sure. Early reports indicated the total plan accounting for anywhere between $500 billion to $1.2 trillion over two years. In a recent interview with CNBC’s John Harwood, Obama stated that he plans on $775 billion to be in this plan, with possibility to grow.
So what is your portion? The majority of this money will go towards major projects such as infrastructure, while approximately $310 billion may be allocated for tax breaks. Individuals may receive $500 per person ($1000 per couple) in the form of reduced tax withholding over 4 months. For those that receive a paycheck every two weeks, expect around $60 more on each paycheck.
What should I do with this money?
Use your economic stimulus money to buy a bike! Buy a new bike, a used bike, fix up your bike, get one for your kids, or donate the money to bike advocacy groups. A bike is a cheap yet effective way to get around, especially in combination with trains and buses where available. Many Americans just made New Year’s Resolutions to be green, to lose weight, or to budget their money better, and biking is a fantastic way to do all of those.
The site is low on content, as it is pretty new — still, this one bears watching, and surely it is a great idea: I mean, extra money is always great for a bike project!
Check out Stimulus Bike and sign the pledge.