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Congress is now shadow boxing about the payroll tax holiday that is set to expire at the end of this year. Currently, workers are getting a break equal to 2% of earnings up to the Social Security taxable maximum of $106,800. The temporary tax cut was part of a deal struck last year to extend the Bush tax cuts for two years. The payroll tax cut and unemployment benefits for the long-term unemployed were extended for only one year, presumably based on (unwarranted) optimism about the economic recovery, but the implosion of the Eurozone and the continuing overhang from the housing market collapse have kept the economy very weak. There clearly is need for continuing economic stimulus.

The president has upped the ante, proposing that the Social Security payroll tax rate be cut in half (from 6.2 to 3.1 percent) for 2012 and also for a similar payroll tax break for employers on the first $5 million of payroll.  And he has also urged extension of unemployment benefits.

As Howard Gleckman points out, this is far from optimal policy. Hi Read more…

Many your business gets failed and when they fail they don’t go out with a boom sound but with a cry. Business fail mean that they are dying a slow death. Number of small business feel the overcome of withdrawal revenues and the smoke of advance competitors, but still they catch for making any dramatically change until it become to late for achieving business turnaround.

Whether you run a professional service firm or a small business or a local business, you can apply business turnaround strategies into your business and can achieve success n your business. Here are some business turnaround strategies:

1. Introduce regular Strategy Sessions

The first time when you will notice that the profit margin of your company is going less and your clients are leaving you and going to your competitor this time should be that when you will think reinventing who serves for you company, what it serves and how they delivers the value.

2. B Read more…