News

Harvard Medical School Cancels Student Groups’ Pro-Palestine Vigil

News

Former FTC Chair Lina Khan Urges Democrats to Rethink Federal Agency Function at IOP Forum

News

Cyanobacteria Advisory Expected To Lift Before Head of the Charles Regatta

News

After QuOffice’s Closure, Its Staff Are No Longer Confidential Resources for Students Reporting Sexual Misconduct

News

Harvard Still On Track To Reach Fossil Fuel-Neutral Status by 2026, Sustainability Report Finds

Tax Bill in House May Exempt All College Expenses

NO WRITER ATTRIBUTED

Representative Abraham Multer of New York said yesterday that his bill calling for tax exemptions on money spent for student educational expenses should have no trouble passing the House once it gets past the Ways and Means Committee.

"It won't go through until the next session of Congress in January, and then it'll be incorporated in a large comprehensive tax bill," Multer said.

"But the bill was favorably received in open session, and we've had favorable comment on it from people. It may be changed around a little in the committee meetings, but it shouldn't have any trouble outside," Multer added.

Last week the Harvard Council of the National Scholastic Association announced it's support of the bill.

NSA Statement

Although parents currently spend approximately $2000 a year on any son or daughter they send to college, they receive an exemption of only $600 on their income tax. The Multer bill would exempt them from the total amount they spend. If the student were self supporting, he would have the exemption on his own income tax.

When he announced the NSA stand, Clifford L. Alexander '55 called for students to show their interest, although cautioning them against organized movements. "We don't want organized lobbying, with mimeographed postcards and artificial lists of names. The bill should be judged on its merits without insincere backing by people who will benefit from its passage," he said.

Want to keep up with breaking news? Subscribe to our email newsletter.

Tags