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US President Barack Obama speaks while standing in front of a monitor with a countdown message December 20, 2011 during a previously unannounced appearance in the Brady Briefing Room of the White House in Washington, DC. Obama on Tuesday warned the 'fragile' US economy could be impacted by a failure to extend a payroll tax holiday, and called on Republicans to reverse their refusal to act now. AFP PHOTO/Mandel NGAN (Photo credit should read MANDEL NGAN/AFP/Getty Images)
US President Barack Obama speaks while standing in front of a monitor with a countdown message December 20, 2011 during a previously unannounced appearance in the Brady Briefing Room of the White House in Washington, DC. Obama on Tuesday warned the 'fragile' US economy could be impacted by a failure to extend a payroll tax holiday, and called on Republicans to reverse their refusal to act now. AFP PHOTO/Mandel NGAN (Photo credit should read MANDEL NGAN/AFP/Getty Images)

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    Payroll tax cut explained

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Payroll tax cut explained

You won't see your paycheck shrink if Congress reaches a deal on extending the payroll tax cut.

Payroll tax cut explained

You won't see your paycheck shrink if Congress reaches a deal on extending the payroll tax cut.