The 2 percentage point reduction in the 6.2 percent payroll tax, first enacted last year, had been a major element of President Barack Obama's proposals to rejuvenate the economy. The effort to renew it for 2012 prompted a prolonged battle with Republicans last winter, especially in the House, and resulted in an eventual GOP surrender and a major victory for the president.
There has been little talk among Democrats about reviving the payroll tax cut yet again for next year, and Obama did not propose renewing it in his 2013 budget. Even so, few Democrats until now have said openly that the measure should be allowed to lapse.
Pelosi, D-Calif., declined to tell reporters whether she would continue as her party's leader next year should they fail to gain control of the House in November's elections. The one-time House speaker said that would be up to her fellow Democrats and her family as well "after all this time." Democrats need to gain 25 seats in the 435-member chamber to become the majority, which most analysts and many politicians consider unlikely.
Pelosi, 72, has been in the House since 1987 and has been the chamber's Democratic leader since 2003. She became the first female House speaker in history in 2007.
Pelosi also said she believes that "there isn't any way on the face of the Earth" that Republican presidential candidate Mitt Romney will be elected. Most national polls show Obama with a slight edge.
Via: Breitbart
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