Current:Home > StocksSenate 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:2025-04-17 03:46:17
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! (1479)
Related
- Bill Belichick's salary at North Carolina: School releases football coach's contract details
- Police continue search for missing 3-year-old boy Elijah Vue in Wisconsin: Update
- Iditarod musher who shot moose penalized for not properly gutting animal
- Two men fought for jobs in a river-town mill. 50 years later, the nation is still divided.
- Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
- Teresa Giudice and Luis Ruelas' Marriage Is Under Fire in Explosive RHONJ Season 14 Trailer
- Fewer fish and more algae? Scientists seek to understand impacts of historic lack of Great Lakes ice
- Federal inquiry into abuse within the Southern Baptist Convention ends with no charges
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- Critics slam posthumous Gabriel García Márquez book published by sons against his wishes
Ranking
- Global Warming Set the Stage for Los Angeles Fires
- Virginia man arrested after DNA links him to 2 women's cold case murders from 80s
- Ex-Virginia lawmaker acquitted of hit-and-run charges
- Minority-owned business agency discriminated against white people, federal judge says
- Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
- Indiana legislators send bill addressing childcare costs to governor
- 4 people arrested, more remains found in Long Island as police investigate severed body parts
- Mississippi lawmakers moving to crack down on machine gun conversion devices
Recommendation
North Carolina justices rule for restaurants in COVID
Florida set to ban homeless from sleeping on public property
Hailee Steinfeld and Josh Allen Enjoy a Date Night in the City of Love During Paris Fashion Week
‘Rust’ armorer’s trial gives Alec Baldwin’s team a window into how his own trial could unfold
Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
Why are clocks set forward in the spring? Thank wars, confusion and a hunger for sunlight
Super Tuesday exit polls and analysis for the 2024 California Senate primary
Rust Armorer Hannah Gutierrez-Reed Found Guilty of Involuntary Manslaughter