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Money given to the tax-deductible gift fund generally comes from alumni and passes to designated student groups. While the tax was set at five percent this year, it will increase to 15 percent within the next three years. The Undergraduate Council (UC) estimates that the tax will add nearly $20,000 to the coffers of FAS, which faces a projected $75 million operating deficit...
...UC also voted unanimously earlier this month to repeal the gift tax. UC members argued that the tax unfairly took money out of the hands of student groups...
...We’re going to take our own route of evaluation and look at all the statistics and all the complaints,” said HSA Vice President Lucy H. Clark ’08. She added that HSA will take last night’s Undergraduate Council (UC) resolution into account. Collegeboxes Chief Executive Officer Scott L. Neuberger said last night that all outstanding insurance claims have been paid to students, and all items left in the warehouse have been arranged for delivery to students in the next 24 hours. Many students, he said, will receive claim checks...
...tried to out-shout one another. Supporters of Ali A. Zaidi ’08 began postering early yesterday morning, following a midnight kickoff event that drew a crowd of over 50 to the Lowell House Junior Common Room. Zaidi spent a slice of the $400 the Undergraduate Council (UC) allots per presidential ticket to buy two 10-pound pies from Unique Pizza and Subs to feed his flock. “A rocking chair moves but it doesn’t go anywhere,” said Zaidi, frustrated with what he said he sees as the Council?...
...Daniel Ross-Rieder ’08 withdrew from the Undergraduate Council presidential and vice-presidential race yesterday, bringing the number of tickets for this year’s contest down to six. In a resignation statement released yesterday, the candidates cited the bureaucratic nature of the Undergraduate Council (UC) and their lack of Council experience as the two main reasons for their withdrawal—writing that they had entered the race “drunk with idealism.” Their resignation leaves Tim R. Hwang ’08 and Alexander S. Wong...