Current:Home > MySenate begins final push to expand Social Security benefits for millions of people -TradeCircle
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-13 05:48:26
WASHINGTON (AP) — The Senate is pushing toward a vote on legislation that would provide full Social Security benefitsto millions of people, setting up potential passage in the final days of the lame-duck Congress.
Senate Majority Leader Chuck Schumer, D-N.Y., said Thursday he would begin the process for a final vote on the bill, known as the Social Security Fairness Act, which would eliminate policies that currently limit Social Security payouts for roughly 2.8 million people.
Schumer said the bill would “ensure Americans are not erroneously denied their well-earned Social Security benefits simply because they chose at some point to work in their careers in public service.”
The legislation passed the House on a bipartisan vote, and a Senate version of the bill introduced last year gained 62 cosponsors. But the bill still needs support from at least 60 senators to pass Congress. It would then head to President Biden.
Decades in the making, the bill would repeal two federal policies — the Windfall Elimination Provision and the Government Pension Offset — that broadly reduce payments to two groups of Social Security recipients: people who also receive a pension from a job that is not covered by Social Security and surviving spouses of Social Security recipients who receive a government pension of their own.
The bill would add more strain on the Social Security Trust funds, which were already estimated to be unable to pay out full benefits beginning in 2035. It would add an estimated $195 billion to federal deficits over 10 years, according to the Congressional Budget Office.
Conservatives have opposed the bill, decrying its cost. But at the same time, some Republicans have pushed Schumer to bring it up for a vote.
Sen. Bill Cassidy, R-La., said last month that the current federal limitations “penalize families across the country who worked a public service job for part of their career with a separate pension. We’re talking about police officers, firefighters, teachers, and other public employees who are punished for serving their communities.”
He predicted the bill would pass.
Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.
veryGood! (3858)
Related
- New Zealand official reverses visa refusal for US conservative influencer Candace Owens
- Love Is Blind’s Jimmy Defends His Comment About Not Wanting to Have Sex With Chelsea
- A Utah mom is charged in her husband's death. Did she poison him with a cocktail?
- Star Trek Actor Kenneth Mitchell Dead at 49
- Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
- Decade's old missing person case solved after relative uploads DNA to genealogy site
- Ayo Edebiri Relatably Butchers 2024 SAG Awards Acceptance Speech
- See which stars went barefoot, Ayo Edebiri's Beyoncé moment and more SAG fashion wows
- San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
- Jen Pawol becomes the first woman to umpire a spring training game since 2007
Ranking
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Love Is Blind’s Jimmy Defends His Comment About Not Wanting to Have Sex With Chelsea
- Federal judge grants injunction suspending NCAA's NIL rules
- Josh Hartnett Makes Rare Appearance at 2024 SAG Awards After Stepping Away From Hollywood
- Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
- New Demands to Measure Emissions Raise Cautious Hopes in Pennsylvania Among Environmental Sleuths Who Monitor Fracking Sites
- This is what happens when a wind farm comes to a coal town
- This is what happens when a wind farm comes to a coal town
Recommendation
The Louvre will be renovated and the 'Mona Lisa' will have her own room
Amazon joins 29 other ‘blue chip’ companies in the Dow Jones Industrial Average
Kara Swisher is still drawn to tech despite her disappointments with the industry
When will Shohei Ohtani make his Dodgers debut? Time, date, TV info for Ohtani first start
US wholesale inflation accelerated in November in sign that some price pressures remain elevated
Idaho is set to execute a long-time death row inmate, a serial killer with a penchant for poetry
Blackhawks retire Chris Chelios' jersey before Patrick Kane scores OT winner for Red Wings
These Candid 2024 SAG Awards Moments Will Make You Feel Like You Were There