paid preparers who don't enroll with irs have a 40% higher chance of submitting an improper itc return. not fraud, but an improper return. despite what some of my colleagues might say about the irs' inaction on this issue, the agency tried in 2010 to bring these preparers in line with minimum qualification standards, as you know. the d.c. circuit court overturned the effort and instructed congress that it's actually our responsibility to provide your agency with the authority to do this. last month when attempting to correct this problem, some of my colleagues balked at the idea of granting your agency this crucial authority. a couple of questions. walk us through, if you would, why it's so important for congress to take action and to help improve tax enforcement for this group of taxpayers. and i know since 2010 you've made steps to increase compliance and reduce error rates. so if you could walk us through -- integrate into your comments what you've done since 2010 and the steps you've taken. >> well, as i advised the chairman, what we're talking about is requiring minimum qualificat

the majority of the itc returns come from preparers. they've had no education about how the program and how various credits work, so we think it would be a significant step forward, provide greater protection to taxpayers, especially in low-income areas to have some level of confidence that when they pay the preparer to do their tax code, it's not somebody with a shingle. some of them are unethical. some of them say, come with me, i'll get you a big refund. some of them are collecting the refunds themselves. we're not going to get crooks out of the world, but if people go through the time to become educated to some extent about what the tax law is about, it is a better indication that they're serious about doing it well. the volume of improper payments is the single most problem we deal with. but we need more tools. i appreciate the committee's support for getting w-2s earlier so we could in fact match the w-2s with the returns we're getting. we need access to the new higher database which this committee would provide us with. it's a co

. >> it's very -- the healing of the blisters is very, um, itc itching, scratching in order to protect do daily dressing change that is last about two to three hours. >> reporter: every aspect of charlie's life is affected. >> she has to eat soft foods to make sure she chews her food very slowly because it can affect the esophagus. >> reporter: there's no cure for eb but there is hope in the form of a new cream being studied at children's hospital. research that started two years ago with just a few centers in the united states. the results were promising and now there's a second study that's international trying to again look at the benefits and the risks of putting this cream on a wide variety of children with blisters that are not healing for at least three weeks or more. >> reporter: charlie has been in the study for over a year. >> the cream is working great for her. >> reporter: faster healing and not as much itching and scratching. less pain means more time for little charlie to do other things like pick up a new toy. >> it's not a toy. >> okay. let's go to the gift shop. can yo

criminal cost in the hague where he will be taking a file on -- where he will be asking, rather, for the itco look in to what he calls extra judicial ki killings, but it's not clear whether there will be any swift action on that particular issue. >> turkish police have forced their way into the offices of an opposition media company days before an election police fired pepper spray in and used water canon to disperse. it's linked to a cleric who is critical of tiberduon. >> it goes back to a rupture between what was a close friendship and relationship between patelagulan and erduoan. they were once close friends. gulan had -- he is an islamic preacher with millions of followers here in turkey and worldwide. but towards the of 20s 13, prosecutors and police perceived to be close to him launch corruption investigations into members of erdouan's close circle ince is then, the relationship has collapsed. erdouan has accused the other of trying to topple him and the turki turkish. this has led to a crackdown on businesses and organizations deemed sympathetic or deemed to have links with the gulan

see if itc: let's will be exciting. three days of gains for european stocks pushing europe's equity benchmark to the highest level since august. we have seen it rally so far this month about 4.7 percent. let's see what the equity market is doing the opening. it's like a mixed picture at the moment. a lot closed. trading pretty flat. cac 40 unchanged. toll waiting for the dax open. yesterday and today has been largely about corporate earnings. a look at some of the movers in terms of the stock we have been watching. i want to start with auschwitz phonecarrier -- a swedish carrier. the stock plummeted at last week after muddy waters, the research firm, said questions in a report of by the extent of the transparency in the eurasian market. this company reported earnings today and basically it cut its full-year forecast after posting a profit decline in operations former soviet countries. trying to move out of those markets and focus on your. -- europe. it will like it is moving higher. it is moving more than 1%. this was c

with the increases in health medicare, itce, increases with all the bills. that is dwindling away.ost: do you mind sharing with us how much the monthly check is from social security? caller: i would rather not. host: that is fine. barely it is enough to pay the bills without all the other increases. i am probably having to go stand in line somewhere and get a job. your benefits are capped with that as well. you can make a certain amount before it affects your social security benefit payments. you are kind of at a quandary. host: i appreciate you sharing your experience with us. carney is capitol hill reporter for "the hill." we left off talking about the speaker's race. that is where the house left off, unable to decide on who the next speaker will be. is the next step? everyone this week is waiting to see what congressman paul ryan will do. if he decides not to run, a kind of becomes a free-for-all. it is not a question of who will run but who will not run. to get downuse has to business and has a fairly full agenda. tell us what we will see this week on the house and senate floor

see if itc: let's will be exciting.ns for european stocks pushing europe's equity benchmark to the highest level since august. we have seen it rally so far this month about 4.7 percent. let's see what the equity market is doing the opening. it's like a mixed picture at the moment. a lot closed. trading pretty flat. cac 40 unchanged. toll waiting for the dax open. yesterday and today has been largely about corporate earnings. a look at some of the movers in terms of the stock we have been watching. i want to start with auschwitz phonecarrier -- a swedish carrier. th

q-2, the first quarter they're going to price with the expiration of the itc.e have to figure out what to do then. a strong outlook for q-4 and q-1. we're seeing shares up by more than 5%. brian? >> thank you. >>> the most important stock in the world right now is glencore. shares of the swiss mining giant. have fallen 60% over the past six months. the company's scrambling to prove to investors it can reduce its debt load. kate kelly has been speaking with company sources. she joins us live outside of glencore's offices. what is the mood around glencore? >> well, brian, this is a key scene of the action. this is an important office for them where energy is based. the buying and selling of a physical product is handled. one person said in terms of the exec executives, they've shut their screens off. they're trying not to get too stuck on the price. it's an indication of how strongly the market believes they might default. the ceo trying to reassure employees and others right here right in london to reassure them in terms of the liquidity. that, plus asset sales,

that's how we got the child tax credit, in fact, and expansion of the itc, was in a debate like thathere you didn't necessarily need a strong con constituency push, but you needed smart people who knew how to get something dope. and i think fundamentally that's changing. we have to bring individuals and workers to the table x that means broadening the constituency much well beyond what we're seeing today. >> and, gary koenig, i'd like to bring you into this as well. we're in the midst of an election cycle that's set against the backdrop of fiscal constraints at the federal level. tax reform discussions are perhaps in the very near future, and this could especially benefit retirement savings because, as we heard this morning, savings incentives make up such a large share of the tax code. although, a new report today issued by the center for american progress finds many of those incentives are overwhelmingly complex or, they're hard to understand, and they make it very difficult for workers to take advantage of them as a result. and in addition, many are skewed in favor of higher incom

one of the main objectives in syria is to get out of the isolation it has been under itce it and nextrimea -- and asked -- it and ask -- it annexed crimea. vonnie: if we start to see civilian casualties at the hands of russia, what is the response? henry: there have been civilian casualties in syria. the concern is that the russian as carefulay not be and you will see more so-called collateral damage that has been the case so far. theould also increase insurgency against president bashar al-assad. you could end up with retaliation against russia. there is a risk of jihadist attacks in russia. tom: henry meyer, greatly appreciated. we will speakur to general richard myers, former chairman of the joint chiefs of staff. over 4000 flying hours of duty in our military aircraft. in the myers, with us 8:00 hour. stay with us, bloomberg "surveillance." ♪ tom: good morning, everyone. thank you for being with us. vonnie quinn and tom keene, michael mckee and a bit. with us fromo was london. time for a morning must-read. robin wigglesworth in "the ft," tamed?"y really be unsystematic -- on syste