The U.S. Payroll Tax cut was to be a temporary measure, which will now go into its second year. Approximately $110 Billion will be shifted from the Social Security Trust Fund. While the tax cut extension may be popular with voters and was a tool for the Obama Administration to further conduct its class warfare, the bottom line is that the money shifted from the trust
fund, further reduces the ability of Social Security to fund itself, which was the basis of Social Security.