mr. olsonand is currently the general counsel of the national security agency and has held a number of senior positions in the department of justice including the security division and the pivot -- federal bureau of investigation and on appeared as a witnessommi before this committeeevio previously and frequently briefed members andiefe stafff overf the last several years. i would like to welcome back to thise committee and the like to discuss the currentt t terrorist threat and the role of whatand we call of what mr. olson would be leading ifle confirmed the nctc is a central agency to the with the identification, prevention disruption and analysis of terrorist threats and it is very important. while best known for their role of consolidating and analyzing terrorism related intelligence, but also plays an important role of conducting strategic planning for a counter plou acrossd actions the government. of the nctc grewcant significantly and size come of capability and maturity under the previo

thanks for all of your work with us mr. olsonplacing this is item 9, inclusionary housing program. >> i have a revised resolution and memo, as well. >> good evening, president olague and members of the commission, kate conner, planning department staff. there are two specific areas of policy that are proposed for implementation. the first comprised of all projects entitled prior to january 24,qqÑ 2011, which was e last time the affordable housing program was revised. the second portion applies to all projects. the first portion of the policy is to enable the zoning administrator to modify the method of compliance to the affordable housing program. this portion of the policy is only applicable to rental projects that want to switch to payment of the affordable housing fee. the timing of this modification could occur any time between planning department or commission approval and issuance of the first construction document. an affidavit that the project is currently a rental project would have to be submitted to the planning depart

mrs. olson, i in your testimony you talked about reform alternatives that you believe should be in the tax code. one of the proposals as you mentioned it is the lower corporate tax rate. i in your view, what should that rate be and how far with that proposal go towards addressing the problem? >> mr. johnson, i am not sure what the optimal corporate rate is. we have to look at what the rate has fallen to in other countries around the globe and our major trading partners. that would suggest a rate of around 25%. that would include the state and local rate, which adds about four or five points to the rates. we have to take that into account as well. i think companies use leverage for a lot of reasons besides the interest deduction. lots of times companies find that equity capital is less expensive than taking into account the deduction of interest and the amount of deductibility of dividends. i can bring the corporate rate down would go a long way towards eliminating the bias that currently exist.

i yield back to balance my time. >> thank you, mr. olson, chair recognized mr. kinzinger for five minutes. [inaudible conversations] >> excuse me. can you check your microphone? would you? thank you. >> navy helping the air force. >> that's great. about time. [laughter] >> well, thank you. thank you for coming out. i appreciate it. the explosive expansion that we've seen in online marketing and tracking over the past few years have been unprecedented. from 2010 to 2014, the industry is projected to grow from $2.6 million to $20. i understand the advertising and the effect it's having on the economic growth and job creation. any privacy legislation that this committee considers must fully content with the implications of what slower growth will have on both the economy and services provided to the consumer. it's estimated that privacy legislation could cost the industry as much as $623 million in growth if legislation imposing limits on online tracking. i'm also keenly aware that the decisions that we make in the committee will profoundly impact the question of w

. >> chair recognizes mr. olson for five minute. >> i would like to welcome the witness and thank you for giving us your expertise and time. first question for commissioner ramirez. december of 2010 there was a preliminary privacy report to open up discussion on consumer privacy issues and in that report the concept of do not track. it has been compared to the national do not call registry managed by the commission but in reality it is different. do not call was created because people were being bothered by unsolicited telemarketing calls particularly during dinner hours but online advertising is not invasive that wave away telemarketing calls are. consumers ignore ads online when they come up. in my experience none of my friends has slammed the computer on the phone for online advertising but they slammed phones on the floor because of repeated calls from telemarketers so there are many benefits to targeted ads online to give consumers information about products and services and types of advertising has great value

mr. olsont a decision had not yet been reached on the transfer of the detainees. >> i do understand his frustration. i did not mislead. >> and senator feinstein who leads that committee, shep, wants the confirmation process through by august 2nd. the full-timing is not guaranteed. members are getting an opportunity to submit more questions for olson, shep. >> shepard: before we go, catherine, gitmo came up today. >> it did. critics of gift mow, including the white house, say the detention camps are recruiting terrorists. the president's own nominee said there was no evidence to support that claim. >> i have not seen from, again, my perspective both on the task force and much more limited perspective in my current role the national security agency anything in specification response to your question to that effect there is a change in recruiting based on the current government policy. >> and for context, olson was the executive director of the team that was tasked by the white house to close guan

abandoned that title and i abandoned the framework for it because i couldn't answer the question really, mr. olson, only 10? how long is this book going to be anyway? and so i realize that i needed to turn in part to why we get so many of these bad ideas, why law schools keep turning out certain kinds of bad ideas. and it's not just that the randomly generated bad ideas. and some of that but only some of it is ideological. todd mentioned that the law schools, let me understate again, are not exactly hot beds of libertarian and conservative thinking these days, despite the best efforts of richard epstein, randy barnett, john maginnis, richard epstein, richard epstein. [laughter] they are outnumbered and it depends on which study you look at. and some studies it's only six to one or eight to one ratio. another one found 28 to one at stanford, that must be exaggerated. 23 to one at columbia. those figures may be exaggerated, and yet harvard according to people who did should know to go for 30 years without hiring a single republican. elena kagan ended i believe. over much of that time harvard maintai

mr. olson: i thank the gentleman. in conclusion, the keystone x.l. pipeline will strengthen america's economy, reduce our dependence on middle eastern oil and produce hundreds of thousands of jobs right here in america. it's a win-win-win. i urge my colleagues to support this very important energy security bill that will create jobs, jobs, jobs right here in america. i thank you and yield back the balance of my time. the chair: the gentleman yields back. the gentleman from california. mr. waxman: madam chair, i'm pleased at this time to yield to the gentleman from virginia, mr. connolly, two minutes. the chair: the gentleman from virginia is recognized for two minutes. mr. connolly: thank you, madam chairman. this bill is a charade. it purports to increase oil production in america, yet, it would direct construction of a pipeline designed to export oil. there is already one keystone pipeline from the tar sands of alberta into america. that pipeline terminates in oklahoma. and supplies america with oil derived from tar sands. if the republicans wanted

but mr. olson, as head of that task force, chose only to discuss the process and not the decisions. senator saxby chambliss laid out the concerns including accusations that the white house intended to transfer detainees to the u.s. in a secretive way. >> it was to be a stealth move. they were going to show up here, and we were going to announce it, said one senior official, describing the swift, secret i operation -- secretive operation that was designed by the administration to preempt any political outcry that could prevent the transfer. >> reporter: in response, olson admitted the decision on the transfer of two detainees had been made by april 14, 2009, and that when he met with the republican congressman eight days later, he was not told about those decisions. olson claims he did not have the authority to disclose that information. >> i do understand his frustration. i don't, i did not mislead, i was not in a position to decide myself at that policy time that i was going -- at that time that i was going to lay out exactly what that decision making process was. we had met before

mr. olson: mr. speaker, congress has a very important decision to make very soon. on whether or not the -- to increase the national debt ceiling. today our national debt ceiling is a staggering $14.3 trillion. and the president is seeking a $2.2 trillion increase to our debt limit. an increase to our nation's debt ceiling that is not accompanied by equal or larger spending reduction would be reckless and arrogant. speaker boehner was right when he said, i quote, it's true that an america default would be irresponsible, but it would be more irresponsible to raise the debt ceiling without simultaneously taking dramatic steps to reduce spending and reform the budget process. this debate is a unique opportunity to achieve significant and serious spending reforms if washington, and to prove to the american people that their employees, the members of the united states congress, are listening to them. i believe this is our best chance for the foreseeable future to obtain substantial incredible long-term deficit reductions to reform washington's taxpayer dollars and save a

it might also be answered by miss olson and mr. barthold. i in your written testimony you said "the current corporate tax system is the worst of all worlds. i rates." can you explain that a little bit more? say the average rate is 70.5% and say the statutory rate is 35% and the average ratio would be one to two. do you think there's some ideal ratio? when to want, maybe? should we have a statutory rates somewhat lower than the average rate. could that be accomplished? >> i guess what i was trying to get out is two things. the statutory rate is high. by i i made by global standards. when i said it was the worst of all worlds, there would be some benefit that comes from that. we have highly responsive taxpayers. we have very high statutory rates which are distorting incentives, as we know marginal rates will do. we are not collecting very much. the promise of tax reform that other it countries have embarked on and i hope you embark on is lower rates, broader base, and bringing together statutory at average rates in a way that is much more effi

mr. olson commodore nomination comes at a critical point in history to fight terrorism. while we have made considerable progress against al qaeda and the fata, we face growing threats as al qaeda continues to spread. in my view, aqap poses the biggest threat and i urge you to make dismantling that were pure primary focus before the strike us successfully cured at home. the past spring brought immense changes to the middle east but it remains unclear what effect this might have on our long term counterterrorism efforts. this on certainty is further complicated by our own the current fiscal condition where the resource constraints were no devotee impacting the national defence and counterterrorism enterprise. a mixed these threats it is critical to the national security that the ncbc perform its mission. you and i talked about some of the feelings leading up to the christmas bombing attempt. especially the ncbc's an ability to connect the dots. while there has been much progress, a lot of work remains including on the information sharing and the detainee and data retention

mr. olson: 135 missions, over five million miles flown in orbit, construction of the international space station, repair of the hubble telescope, the list goes on and on. we owe an imdemens gratitude to these those heros on challenger and columbia and their families who made the ultimate sacrifice for space exploration. most of all, we recognize the best space tri-team in the world for giving our country the honor of such incredible achievements and i am proud beyond words to represent the johnson space center, the home of u.s. human space flight now and forever. may god bless america and remember this remarkable team. i yield back. the speaker pro tempore: the gentleman's time has expired. for what purpose does the gentlewoman from california rise? >> to address the house for one minute and revise and extend my remarks. the speaker pro tempore: without objection. mrs. capps: last week we enacted consumer protections as part of the dodd-frank reform and consumer protection act. this create the

mr. olson commodore nomination comes at a critical point in history to fight terrorism. while we have made considerable progress against al qaeda and the fata, we face growing threats as al qaeda continues to spread. in my view, aqap poses the biggest threat and i urge you to make dismantling that were pure primary focus before the strike us successfully cured at home. the past spring brought immense changes to the middle east but it remains unclear what effect this might have on our long term counterterrorism efforts. this on certainty is further complicated by our own the current fiscal condition where the resource constraints were no devotee impacting the national defence and counterterrorism enterprise. a mixed these threats it is critical to the national security that the ncbc perform its mission. you and i talked about some of the feelings leading up to the christmas bombing attempt. especially the ncbc's an ability to connect the dots. while there has been much progress, a lot of work remains including on the information sharing and the detainee and data retention

mr. olson: cate is 14 and grant is 11. and my wife, nancey, and i uprooted them from the only home they knew to move back to my home state of texas to run for congress because we were worried that the ever-increasing federal debt was the greatest threat to their future. today for the first time in my children's young lives the house of representatives is passing game-changing legislation that puts our nation on a path to fiscal sanity and ensures that my cate, migrant, your cate and your grant have better lives than we did. i urge, urge my colleagues to make a down payment on the future of america and vote in support of h.r. 2560. i yield back the balance of my time. the speaker pro tempore: the gentleman's time has expired. the gentleman from maryland. mr. van hollen: thank you, mr. speaker. i would just ask my republican colleagues to consider why they want to write a provision into the constitution of the united states that would make it harder to shut down a special interest tax loophole for the purpose of reducing the

mr. chairman. professor desai, this is a question for you and i would also like an answer from miss olson and mr. barthold. professor desai, he said the current corporate tax system has the worst of all worlds. to please explain that a little more? say the average rate is 17.5% and say the statutory rate is 30%, the average would be 1-2. is there some ideal ratio, 1-1 maybe? or would be ideal to have a statutory rate lower than the average rate of that could be accomplished? >> i guess was trying to get two or two things. the statutory rate is high by global standards. when a said the worst of all worlds, there would be some benefit that would come from that and we're living in a world where we're not getting that. we have highly responsible taxpayers and high statutory rates which distort the margins, and we're not collecting very much. the problem with tax reform that other countries have embarked on and i hope that you embark on is that the war rates, broader base, and bring them together -- is at the lower rates, broader base, and bring them together. it is also more consistent with political

. >> richard bailey says kathy jane olson and joe are telling fantasy stories. >> mr.short of somebody coming forward and says i was responsible for killing helen brach and richard bahlau had nothing to do with it, how are you going to get out of here? >> i don't really know. but i'm sure that there's no way that they would continue keeping someone locked up and knowing that i know nothing about what happened to helen whatsoever. >> with good behavior bailey could get out at age 91. but there is another twist in but there is another twist in this mysterious tale. brach ali. but there is another twist in this mysterious tale. brach ali. ♪ going to the bank without going to the bank... that's a step forward. with chase quickdeposit on your smartphone, you just snap a picture, hit send and done. chase quickdeposit. take a step forward and chase what matters. ♪ we just keep on keepin' on ♪ ♪ keep on >>> helen brach once a wealthy candy heiress and socialite was gone. the prosecutor had spun an elaborate murder conspiracy. a plot involving gigolos and swindlers and hard edg