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>> i think we have to wait and see the details. the middle class was asked making $60,000, will the taxes come down. there will be deductions for child care expenses. that's a good thing. if those policies get in and i personally believe in the reagan era tax cuts in bringing back jobs and inserting more capital. if you believe in the principles, you believe the middle class is helped by this. >> estate tax? >> i think it helps family farms. you have to sell the business. you cannot afford to pay the death tax. shouldn't be hit with the death tax when you die. >> symone, how do you stay defici...

Welcome back. for many people, today's the first payday of the year but the checks are lighter than usual. the american taxpayer relief act that helped the country avoid the worst of the fiscal cliff did not include an extension of the payroll tax holiday so the fica tax going up to 6.2%. so just how much is that for the average worker? joining me now with details, cnbc's eamon javers. i went on social media and couldn't believe how many people are talking about this. sticker shock and ticked a few folks off. >> yeah. absolutely. tamron, it can be a real mit to the wallet. the temporary payrol...

With a prepaid card. spends like cash. feels like membership. today, employees around the country are cashing in their first paycheck of the new year and they are feeling the pinch. every employee in america started paying the 2% higher payroll taxes of january 1st. how much money are we talking about? you've crunched the numbers on this. a lot of people scratching their head, saying what the fica? give us the breakdown. >> i'm glad you said that and not me on live television. the payroll tax cut did die at the end of 2012 which means everyone will see a bigger tax bite out of their paycheck...

November? >> i think they can, if you look at polls, three quarters of americans want the wealthy americans, meaning the top 1%, to pay more in taxes. and it's no surprise. i mean, look at mitt romney, he's making $60,000 a day, and he's making money off of money. he's not making that off of labor. and he's paying less than 15%, which is far less than your working class americans are paying in taxes. so it makes a lot of common sense for obama to really hammer away at this in the general election. >> how much of a problem, professor, do you think this is for mitt romney, when it comes to ethic...

Isn't this a huge problem? >> it is a big problem. usually being really rich is a huge advantage in running for office. and we know about people who self-fund, which he has done some of. so it's a great thing to have that much money to spend. but, boy, he is caught in the buzzsaw of this debate, and i thought it was most striking not with warren buffett or obama, but in the republican debate when he turned to the newt and said, well, under your plan, someone like me would pay nothing. someone who makes as many millions as he does. you really don't want to be cast in that role in this kind of c...