Monro Lauds House Bill To End Students' Taxes

Director of the Financial Aid Center John U. Monro '34 last night praised the proposed house bill which would allow students to earn unlimited amounts with out losing their dependency.

"That'll help us a lot," Monro said, referring to a proposal which is part of a comprehensive tax bill now before the House Ways and Means Committee. "A lot of our boys stop work when they hit the $599 limit." Stop work when they hit the $599 limit." If a student makes $600 during a year his parents lose him as a dependent.

"The next $150 he makes all go to the government. Because of the loss of dependency, a boy has to make around $750 before it really brings in any money again," Monro said.

Princeton, represented by Minot Morgan, had pressured Congress for such a bill and had indirectly worked for the other Ivy colleges, according to Monro.

"The average boy can make between $700 and $800 during the summer although some make a lot more. Now, they won't have to quit in mid-summer," Monro said.

Help Production

"It will help the production of the country, too," Monro cliamed. "All these boys are working in construction and manufacturing jobs. When they quit in the middle of august the country's production is slowed up just when it needs help."

Another good thing about this, if it goes through, is that it will take pressure off the boys. Right now, they're young and they need money. A few will use dodges to get around paying an income tax.

The bill, according to Russell E. Train, clerk of the Ways and Means committee, "has an excellent chance of passage in January." He claims it currently has the tentative backing of the Treasury Department.

"The Treasury Department will have to figure out how much money the government would lose if this goes through before it will take any action." Monro said. "My guess is that they wouldn't lose much. It will help the students to help themselves," he commented.