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President Obama helps ailing US bike industry

Tax incentives for American bikers during global financial crisis

MOTORCYCLISTS IN America are getting some benefit thanks to the huge financial stimulus package annouced by President Obama's office on Tuesday.

The nearly 800 billion dollar package, designed to kickstart the ailing US economy, has included motorcycle purchases in its ruling.
Part of the bill says that motorcycle buyers can deduct the sales and excise tax from buying new motorcycles up to the value of $49,500 on their 2009 tax returns.

So that's the governments in Italy and now the USA helping bikers in their own countries. Are you listening, Mr Brown?

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