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if you just got your first paycheck of the new year you probably didn't like what you saw. did you notice that your check shrunk a bit. what is chipping away the at your check. >> greta, have you checked your paycheck today? you might want to and every american, because it's 2% less than last week. that's right, as part of the fiscal cliff, the payroll tax rose from 4.2% to 6.2% today. and it affects every working american. >> peter, what's this all mean? >> well, the last two years washington agreed to cut the payroll tax that you pay for your social security retirement from 6.2% to 4.2%. so, that costs the government about 100 million dollars a year in revenue. so, now the government has raised that back up. well, that's 100 billion dollars that's going to come out of consumer's pockets, it was put there to help try to stimulate the economy because of the weak economic recovery, but now, everyone's agreed that we've done it for two

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