mr. lewis? >> thank you very much, madam chair for holding this hearing on the internal revenue service. i'm pleased that we have the commissioner before us today. i have serious concern about the fact of recent budget cuts on taxpayers, tax collection and agency operation. in her most recent report to congress, the national taxpayer advocate stated that the most serious problem facing taxpayers is that the irs is not adequately funded to serve taxpayers and collect taxes. i fully agree with the statement. this year the agency budget was cut by over $300 million. this cut harmed taxpayers in telephone service. telephone calls have increased by 34%, but the an -- over 65% of taxpayers seeking telephone sis tense are able to speak to an irs employee and must wait an average of 17 minutes. taxpayers seeking in-person assistance also have been harmed. this is clear from the very long wait time at taxpayers' assistance centers. the budget cut also harmed agency operation. the cut forced agency to lay

i yield back, madam chair. >> thank you, mr. lewis. now we will give five minutes to the representative from minnesota, mr. paulson. >> thank you, madam chair. thank you commissioner for being here today. i just wanted to follow up on a letter i sent to you not too long ago. in the last year you've been talking a lot or a great deal about this concept of a realtime tax system and have had a number of actually public meetings on the issue as well. i know there are benefits to receiving realtime verification and having that information up hand. i am concerned that the cost could outweigh the benefits, particularly in the sense that having this filing system could lead to a burden very similar to the 109 provision that was being rolled out as a part of america's new law which would have been a nightmare. if the irs is going to make this realtime system work, i'm sure you'll want to spr all the data earlier than is required today. you'll probably want more 1099 data as well. looking at what's been discussed today, it seems compressing this

mr. lewis. >> thank you very much, mr. chairman. dr. chu, thank you very much for being with us. i can't help but scratch my head about the fact that we are able to acquire someone of your background and talent to serve in this capacity. to say the least, beyond the heat you'll be taking from committees like this, your willingness to serve is very much appreciated by many of us. your background is well known. a nobel prize winner in the arena of physics. but beyond that, you are celebrating your anniversary is another thing. your bride, dr. jean chu, holds a doctorate in philosophy from oxford university and above and beyond that, she served as chief of staff for two stanford university presidents as well as dean of admissions. my god it would be interesting to hear what you guys talk about at night. >> all i know for sure is she would not have admitted me. >> i must say, your service is very much appreciated. but beyond that, the panel probably doesn't realize this, but yucca mountain has for all these decades essentially been in my district. and in the early days, it strikes me

mr. lewis is recognized. >> thank you very much, mr. chairman. mr. chairman, i want to apologize to members of the panel. i had to run out and speak to a group of eighth grade students, and so they kept me for a while. i heard your testimony, and i want to thank you all for being here. and i thank you for your service. ms. miller, it is good to see you again. thank you also for all that you do. ms. miller, many other people who criticize the question of tax incentives for retirement saving argue that they are for the wealthy. they say these laws favor high-income people. in your experience and research, do you find this to be true? do you have any ideas as how we can further increase participation among low and middle-income workers? how can we make it easy for people to save for retirement? >> that's a very good question. i think if you look at the retirement savings incentives, first of all, there is a cap on compensation that can be considered. and it's a 250,000. so when we hear a lot of talk about, let's cut incentives for people making over $25

. >> mr. lewis is recognized. >> thank you very much, mr. chairman. i were to apologize to members of the panel. i do run out and speak to a group of eight grade student. so they cut me for a while. i heard your testimony and i want to thank you all for being here. and thank you for your service. ms. miller, it is good to see you again. thank you also for all that you do. ms. miller, and many other people who criticize the question of tax incentives for retirement saving are fairly wealthy. these laws favor high income people. do you have any ideas that can further increase participation among low and middle income workers. how we can make it easy for people to save for retirement quiet >> that's a very good question. if you look a retirement savings incentives, first of all there is a on com nation that is considered. so when you hear a lot of talk about what's cut incentives, let's cafÉ. over two and thousand a night is when you're testing for nondiscrimination. someone might make a million dollars, but when you compare percentage of pay in the plan

mr. morris lewis, who is my great grandfather's secretary, and his son ejected from the dining room. now he had been eating there for five years already. and it was more of a political move by representative warren than anything else. but nevertheless it started a huge controversy. my great grandfather had been dining there and bringing my great grandmother in, my grandfather who is the tall gentleman to the left. and he had also befriended a porter who worked for the washington, d.c. transportation department. and he mentioned he was one of the darkest people he'd ever met and would bring him into the congressional dining room, a, because he was a friend, and b, because he wanted to piss off members of the southern delegation at the same time. i don't know if it was this gentleman up here or not, but the gentleman behind him has a distinctive grin on his face. it's almost a smirk. so it may or may not have been him. any way, it started quite a controversy and made headlines around the country. my great grandfather introduced legislation for an official investigation into this matter

i respect mr. lewis and i understand what he's gone through and as a former lawyer who worked on many search and seizure warrants, i can tell you there are no violations in this bill at all. that's not what the bill is about, if it were, i wouldn't be in favor of this bill. i yield back. and i thank you mr. rogers for working with us in this bipartisan manner on a serious issue. the chair: the gentleman from michigan is recognized, you have two minutes remaining. mr. rogers: i want to thank the ranking member and both staffs from both committees for their effort to get it right, to find the place where we can all be comfortable. this follows months of fworkses and work with many organizations, privacy groups, we have worked language with the center for democracy and technology and they just the other day said they applauded our progress on where we're going with privacy and civil liberties. so we have included a lot of folks. it's been a long road. it's been the most open and transparent bill i've ever w

mr. gerry lewis, from southern california he represents inland empire outside los angeles part of the storyhat has come out is well, how does he feel about all this well, he is really excited just as surprised as i am and the rest of the staff because i know zilch about basketball but still disappointed at the end of the day he is a bruins fan his dog's name is bruin he is still sad they didn't make it to the tournament. >> what about your friends and family, have you done better than all the guys in your life? and everybody -- >> everyone. yes and i am the least likely person to get this far. and i think that is why everyone has just found this whole thing a lot of fun and are really excited for me because they have got nothing to lose at this point now the guys in my office are of course green with ensurrey and one of them at -- envy and one of them at one point asked me what are the five positions in a basketball team and i was like yeah. >> right. >> what is it called when it goes in the little thing with the string. >> yeah the players are amazing i am proud how far ohio state got but

. >> mr. lewis is recognized. >> i want to apologize to members of the panel. i had to run out and speak to a group of eighth grade students. bake at me for a while. -- they kept me for a while. i heard your testimony. i want to thank you for being here. i thank you for your service. it is good to see you again. thank you for all that you do. many of the people who criticized this argue that there for the wealthy. these laws favor high income people. do you find this to be true? do you have any idea is to make it easier for people to save for retirement? >> that is a question. if you look at this, there is a cap on compensation that can be considered. it is 250,000. i cannot help but think we have already capped it. we are testing for nondiscrimination. someone might make a million dollars but when you are comparing this, use the 250,000. we are have something that is built in. if a business owner wants to put in the maximum of $50,000, those workers are going to be getting a contribution. they're going to be getting employer money. there really is additional m

. >> mr. lewis is recognized. >> i want to apologize to members of the panel.i had to run out and speak to a group of eighth grade students. bake at me for a while. i heard your testimony. i want to thank you for being here. i thank you for your service. it is good to see you again. thank you for all that you do. many of the people who criticized this argue that there for the wealthy. these laws favor high income people. do you find this to be true? do you have any idea is to make it easier for people to save for retirement? >> that is a question. -- very good question. if you look at this, there is a cap on compensation that can be considered. it is 250,000. i cannot help but think we have already capped it. we are testing for nondiscrimination. someone might make a million dollars but when you are comparing this, use the 250,000. we are have something that is built in. if a business owner wants to put in the maximum of $50,000, those workers are going to be getting a contribution. they're going to be getting employer money. there really is additional money. t

lewis. thank you so much. >> thank you. >> thank you. >> mr. quang? >> the department of public works does understand the position from the applicant. however, the department believes the board acted correctly in its decision. the suggestion that the applicant is providing an like foods than what the local merchants is is inappropriate. the board decision is very similar to the one you had made previously for casa, in their application along beale street. there is a restaurant right there that provided mediterranean wrap food. the board decided this was like food. in this case, they are suggesting that because of the way the coffee bean is provided, it is unlike other coffee, which is not established within the dpw order of the determination of a like food, nor does it match previous decisions coming from this body. we request the board of hold your decision and not provide a rehearing in this case. thank you. vice president hwang: i have a question for you. the information provided by the requestor -- i do not know if you have your packet up there. >

mr. james w.gins is a trustee for the securities investor protection act of mf global incorporated. lewis j.freeh is a trustee from mf global holdings, honorable gerald summers is commissioner for the commodity futures trading commission. mr. robert cook speche is direc trading and markets for u.s. securities and exchange commission. mr. richard ketchum is chairman and ceo of the financial industry regulatory authority. mr. charles a. duffy is executive chairman of the chicago mercantile exchange. i thank all of you, again, for being here today. i would look to ask the witnesses to please keep your remarks to five minutes. your full written statements will be included in the hearing record. mr. gins, you may begin your testimony. >> chairman johnson, ranking member shelby and members of xhet. thank y -- committee. thank you for inviting me to testify. i take seriously my duty as trustee of mf global inc., to treat themic w equitably. i would look to present studies. a lack of supervision and inattention to maintaining segregation of customer accounts caused short fall of customer funds. t

lewis. >> you mention the term cover -- >> i regret this greatly but we'll just go through the chronology before i tell you. >> mr. murdoch, you used the term coverup. may i suggest throughout this story, there is a consistent -- would you please sit down? i would be grateful if you wouldn't do that again. >> throughout this story, this narrative, there's a consistent theme until april 2011 of coverup. coverup in relation to the police. coverup by bert and copeland either on "news international's" instruction. and coverup subsequently. where does this -- from where does this culture of coverup emanate, mr. murdoch? >> i think from within the "news of the world" and the one or two very strong characters there. who i think have been there many, many, many years. and friends of the journalists or the person i'm thinking of is a friend of the journalists, drinking pal. and a clever lawyer. statements reported that this person forbade people to go and report to mrs. brooks or james. that is not to excuse it on our behalf at all. i take it extremely seriously. that that situation had arisen. >> i move forward to januar

lewis. mentioned the cover of. >> i regret this. let's go through the chronology. >> mr. murdoch you use the term cover-up. may i suggest to you that throughout this story, there is a consistent -- would you please sit down? it would be great if you wouldn't do that again. without this story, this analogy with the consistent theme until april 2011 as a cover-up. cover-up in relation to the police, cover-up by burton copeland either on news international's instructions to call for a motion and then cover-up subsequently. where does this cover-up emanate mr. murdoch? >> i think from within the "news of the world". and one or two very strong characters there, who i think have been there many, many, many gears, friends of the journalists or the person i am thinking of, a friend of the journalist, a drinking pal and a clever lawyer who paid them to go and see the statements reporter that this person for bait people to report to mrs. brooks or two jacks. that is not to excuse it on our behalf at all. i take it extremely seriously but that situation had arisen. >> may i move forward to january 2007 mr. murdoch an

lewis. you mentioned the term cover-up -- >> but i regret this greatly, but let's go through the chronology before i tell you. >> mr. murdoch, you use the term cover. messages to you that throughout this story there is a consistence, would you please sit down? >> i would be grateful if you wouldn't do that again. >> throughout this story there is a consistent theme, until april 2011 of cover-up. cover-up in relation to the police. cover-up by burton & copeland, either on "news international"'s instructions or of their own motions, and then cover-up subsequently. where does this culture of, from where does this culture of cover-up emanate, mr. murdoch? >> i think from within the "news of the world," and one or two very strong characters their who i think have been there many, many, many years, and were friends of the journalists, or the person i'm thinking of, friend of the journalists, drinking how. and clever lawyer, pay them to go see evidence, or statements reporter, that this person forbade people to go and report to mrs. brooks or two jacks. that is not to excuse it, on our behalf, at all, i take it extremely

mr. woodford. >> good morning. >> reporter: woodford is back in tokyo to attend the shareholders meeting. he proposed the plan for the new management team. >> not just myself, but two largest advisory firms iss and lewis glass recommend against the nominations of the chairman and for president. so it's not a personal issue. but the reasons are the same, in that this concern in relation to the banks controlling the company, in the battle days of japan, as you well know. >> reporter: woodford recently released a memoir on the scandal. he says the idea of appointing former banking executives to the top management goes against shareholders' interests. that's because they are major vendors to olympus and share hold erlgs at the same time. woodford also criticized the nomination of two resigning directors as operating officers. >> so the capital markets in japan, when i'm asked, to have this scandal where all the board are meant to be stepping down, and then two of them come back in in other positions, it just makes a mockery of what i'm sure the government and people of japan want. >> reporter: financial scandals at other japanese firms that also fuel distrust among foreign investors about corporate govern

copeland that we were not wrong about harbottle and lewis. >> you mentioned the term cover of. >> i regret this but let's go through the chronology. >> mr. murdoch you use the term cover up. may i suggest to you throughout the story there is a consistent consistent -- would you please sit down? i would be grateful if you wouldn't do that again. without this story, this narrative, there is a consistent theme until april of 2011 of cover-up. cover-up in relation to the plead, cover-up by working copeland either by news international's instructions and then cover-up subsequently. where does this cover-up emanate mr. murdoch? >> i think from within "news of the world" and there were one or two very strong characters there, who i think have been there many, many, many years, friends of the journalists or the person i am thinking of, a friend of the journalistjournalists, drinking pal. and a clever lawyer and paid them to go and see the reporter. this person for bait people to reports to mrs. brooks or two jacks. that is not to excuse it on our behalf at all. they take it extremely seriously. that situation had arisen. >> i will move forward

lewis gannett for his biography of george f. keenan. this was awarded a national book critics circle award for biography this year. he appeared on afterwards to discuss his biography of mr. keenan. you can watch that on line at booktv.org. for the first time in thirty-five years and the eleventh time in history no pulitzer prize was awarded in the fiction category. for complete list of pulitzer winners go to pulitzer.org. stay up-to-date on publishing news by visiting booktv.org. you're watching booktv. 48 hours scott ferris present history of the men ran for u.s. presidency and lost. scott farris examines why each candidate failed. this is about an hour. >> thank you thank you to boise state university political science alumni network. thank you to the owner of this for, rediscovered books. and the independent bookstore in boise. thanks to c-span and the folks who hopefully are going to watch this on booktv. great pleasure to be here. what i'm going to do tonight is give a little talk at losing presidential campaigns shaping the election. and how the 2012 election, future history of the united states. i want to open up for questions. i will begin with a pretty bold pre

lewis. one of their attorneys told "the wall street journal," he thinks the time would be shaved to between 19-23 days under the proposal. mr. trauger, vice president of the national association of manufacturers, said the election would be held in 20-25 days under the new rule. so that's not an ambush election at all. all this rule does is just removes these extra legal hurdles that can cause excessive delays. let's see what else. we keep hearing about rule making and saying well, you know, this board has only issued three of these rules in the past 75 years, two of these rules in the last couple of years makes it sound like the nlrb has ridden off the range here in terms of reasonableness. but the fact is that when the board promulgated rules in the past, they did it through the adjudicateive process, through the adjudicative process, not through rule making. the supreme court and the u.s. courts of appeals have criticized the board in the past for underutilizing its rule-making authority. courts have said that the rule-making process is more transparent and more inclusive, so through rule making, this board has solicited