that's pretty pathetic if the government thinks a little inscentive to buy a bike will reduce obeisity, but i won't complain if it gets me new skis
Taxpayers would have up to $1,000 per person per year ($2,000 for families) that could be deducted. Of that, a maximum of $250 per item could be paid with pre-tax dollars.
..."Americans who already have a flex spend account set up as an employee benefit to use pre-tax dollars in this account toward fitness expenditures.
“The bill will increase the types of expenditures payable out of tax-favored health investment accounts, including flex spending accounts, medical savings accounts, and/or medical reimbursement arrangements.”And here is the actual bill: http://thomas.loc.gov/cgi-bin/query/z?c111:H.R.2105: