schulman for being here. we're all talking about limited dollars. we need to spend our dollars in the best way we possibly can. i was reading a report just recently from the treasury inspector general for tax administration who found billions of dollars in federal education credits that were issued in error. what i'm really trying to get to here is number one to save. to make sure we're giving the money to the final that really deserve the money so we can use it in the budget tear process to fund those places such as yourself that can continue to do a good job. but it's very disturbing when i see here how much money this represents that was potentially given to those who don't deserve it. i just want to read a couple of things out of that report. $1.7 million taxpayers receive $2.6 billion in education credits for students for whom there was no supporting documentation in the irs files that they even attended an educational institution. almost 380,000 of these individuals claimed the students were not eligible because they didn't attend the required

. >> commissioner schulman, welcome. does the irs have available resources with the current budget to tackle new enforcement responsibilities? new enforcement responsibilities? do you have the resources available to take on new enforcement responsibilities? >> earlier i was saying we try to do the best we can with the budget that congress gives us. obviously we have a big job to do and we try to balance across the board all of the things that we do. we've requested in the 2013 budget some new resources for some of the new legislation that's come through. we or quite hopeful we'll get that in. >> in reviewing the president's 2013 budget proposal, this proposes sadding the irs with additional enforcement spomtds by shifting alcohol, tobacco tax and trade bureau duties of enforcing tax enforcement duties to the irs with no funding allocated in this budget to pursue those kind of violations. is that something you've had internal discussions with others in the administration about? >> i'm sorry, mr. chairman. what are you ref

schulman who has served as commissioner since march 2008. commissioner schulman, thank you again for your time today. the committee has received your written statement, and it will be made part of the formal hearing record. you will be recognized for five minutes for your oral remarks. you may begin when you're ready. >> thank you very much to all the members of the subcommittee forgiving me the opportunity to testify today. i want to talk about -- a little about filing season, our strategic initiatives and the president's 2013 budget which would give us much-needed increase over the 2012 enacted levels. a significant portion of the president's 2013 budget would restore congressional reductions in irs funding made over the last two years. i want to start by saying i believe it's incumbent on all of us in the government to be as efficient as possible and to spend taxpayer dollars wisely. for the irs, that means finding savings where we can and continuing to invest in strategic priorities that allow us to improve service. from fiscal year 2009

psalm schulman a senior researcher at the kennedy school at harvard. it was his original idea for the book and i was happy to collaborate with him. >> rose: when you say hahvahd you sound like you're from boston. (laughs) >> i'm giving away my background. my roots. >> rose: so you said there's a story we ought to tell? >> three years ago we were at the kennedy school attending a session on twitter, this new social media device twitter. i still hadn't figured out blogs and now they're talking about twitters and zach at lunch approached me, we've known for 20 years and said i have an idea for a book. and the idea for the book... he had the title and the publishers... >> rose: collaborate or perish. >> publishers loved the title and it was the idea to play to the book with some of my experiences which he felt met the guidelines he had developed around this eight essential elements to collaboration as he's identified them and when we matched it up against my new york and los angeles experience they match perfectly so from there we're off. took us two years

commissioner douglas schulman talks taxes at the national press club. can see his remarks live here on c-span at 1:00 eastern. and then at 2:00 eastern, also live on c-span, president obama signing legislation designed to make it easier for small companies to sell stock in initial public offerings. the council on foreign relations a. discussion today on where the global economy is headed. they talked about the u.s. economic recovery, europe's debt problem, and china's expanding economy. from new york city, this is about an hour. >> the center for economic studies. i think we've been doing this update, i've been chairing it for two years. every time i do it, somebody comes up to me afterward and said why does it depress me so much? this economic news is terrible. and i say i'm just the messenger. and hopefully a better messenger this time with a pretty nice quota but i see every night the market has sold off and just my luck. i'm hoping that the rest of this panel is going to be more optimistic than i just was. it's a very -- i think veterans, all of you

joining us a former federal corruption criminal prosecutor and a partner at schulman rogers.is a big deal, the foreign corrupt practices act. what can we expect coming out of is and how can you put this in context for us? >> becky, it really is a big deal. the department of justice has placed a high premium on investigating and prosecuting cases involving violations of our anti-bribery law. this has been based on allegations in the times stories is a case study on how not to conduct a corporate investigation, how not to respond to foreign corrupt act practices violations. it highlights the challenges even on paper for one of the best companies in america in terms of dealing with foreign subsidiaries that put themselves in the way of potential bribery allegations and going back to really where this all started, potential consequences. we could easily see criminal prosecutions not likely walmart itself but using the bae example from a number of years ago could easily see an expectation that the mexican subsidiary actually plead guilty in a united states court proceedings wouldn

jeff schulman "father of irs commissioner." i am going to skip our speak for a moment. [applause] >> today's speaker said he prides himself on leading a non- political and non-partisan organization. in recent days, he has been very publicly involved in discussions at the highest levels of government about everything from health care reform to tea party politics. as the person in charge of collecting $2.40 trillion a good taxpayer dollars, his words are closely followed by many of us in the ring today. in the final year of his term as commissioner, doug shulman oversees 100,000 employees. he is managing 38 $300 million budget cuts and staff reduction in the thousands. -- $330 million budget cuts and staff reduction in the thousands. just a few weeks ago, he requested and eight is our budget increase from congress to make up for the losses. -- and 8% budget increase from congress to make up for the losses. he played an integral role in restructuring the organization. he led negotiations of the sale of nasdaq stock market and the american stock exchange, oversaw the launch