From the CNN Newsroom here in Atlanta, Georgia, straight to your classrooms, I`m Carl Azuz and this is CNN Student News. Today we`re starting with something called a payroll tax. Here`s the deal on the payroll tax, from A to Z. Americans have been getting a break on their federal payroll tax. What this means is that they`re taking home a bit more of what they earn. For example, someone making around $50,000 this year took home an extra $1,500, thanks to the payroll tax break. But the government has to take action to extend the payroll tax cuts into next year, otherwise the payroll tax goes back up and Americans see less money in their paychecks. What Democrats and Republicans don`t agree on is how to pay for this. Extending the payroll tax break would cost the government about $200 billion. Democrats, including the president, want to pay for this by raising taxes on millionaires, whom, they believe, can afford to pay more. Republicans don`t want taxes to go up for anyone during a lousy economy. They want to pay for the extension by cutting government spending. Will the two sides find common ground?