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Transcripts For CNNW CNN Newsroom 20111205

and snail mail? about to get even slower. time to play reporter roulette. kate bolduan on capitol hill, democrats have taken another shot, extending the payroll tax cut before it expires at the end of the year. here s my if to you. if congress doesn t get it done, they can t compromise, your paycheck could be a lot lighter next year. what s the difference in this version of the plan today? reporter: in this version of the plan, this is now the kind of newest proposal to come forward, this coming from senate democrats, this keep what this proposal does is extend the payroll tax cut for employees and actually expand it so employees would be having to pay even less in the payroll tax. so it would go from 4.2% tax to 3.1% tax. a big change, though, is this proposal does not include it has dropped the payroll are tax cut employers. democrats say that was done in an effort to bring down the overall cost of the package. it s now about a third of what democrats had originally

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