Current:Home > ContactSenate 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:2025-04-14 12:58:52
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! (1)
Related
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- Donald Trump will accept Republican nomination again days after surviving an assassination attempt
- Book excerpt: Same As It Ever Was by Claire Lombardo
- Book excerpt: Night Flyer, the life of abolitionist Harriet Tubman
- Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
- Pedro Hill: Breaking down the three major blockchains
- Last Chance for Amazon Prime Day 2024 Deals: Top Finds Under $25 on Beauty, Home, Travel, Kids & More
- Why Simone Biles Says Tokyo Olympics Performance Was a Trauma Response
- The White House is cracking down on overdraft fees
- Montana judge: Signatures of inactive voters count for initiatives, including 1 to protect abortion
Ranking
- What to watch: O Jolie night
- Book excerpt: Night Flyer, the life of abolitionist Harriet Tubman
- Trump has given no official info about his medical care for days since an assassination attempt
- People across the nation have lost jobs after posts about Trump shooting
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- GOP vice presidential pick Vance talks Appalachian ties in speech as resentment over memoir simmers
- Lucas Turner: The Essence of Investing in U.S. Treasuries.
- 'Twisters' movie review: Glen Powell wrestles tornadoes with charm and spectacle
Recommendation
Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
Donald Trump’s Family: A Guide to the Former President’s Kids and Grandkids
Florida teenager survives 'instantaneous' lightning strike: Reports
Summer 'snow' in Philadelphia breaks a confusing 154-year-old record
NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
Mike Tyson set to resume preparations for Jake Paul fight after layoff for ulcer flareup
Pedro Hill: Breaking down the three major blockchains
16 Life-Changing Products You Never Knew You Needed Until Now