Current:Home > InvestSenate begins final push to expand Social Security benefits for millions of people -ProsperityStream Academy
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-12 05:08:12
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! (6867)
Related
- Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
- Keanu Reeves and Girlfriend Alexandra Grant Make Rare Public Outing at Star-Studded Event
- AP PHOTOS: Death, destruction and despair reigns a month into latest Israel-Gaza conflict
- Senate Republicans outline border security measures they want as a condition for aiding Ukraine
- Tom Holland's New Venture Revealed
- Beshear hopes abortion debate will help him win another term as governor in GOP-leaning Kentucky
- Another former Blackhawks player sues team over mishandling of sexual abuse
- AP PHOTOS: Death, destruction and despair reigns a month into latest Israel-Gaza conflict
- The Daily Money: Spending more on holiday travel?
- Indian states vote in key test for opposition and PM Modi ahead of 2024 national election
Ranking
- The White House is cracking down on overdraft fees
- Toyota, Ford, and Jeep among 2.1 million vehicles recalled: Check car recalls here
- Japan and UK ministers are to discuss further deepening of security ties on the sidelines of G7
- Supreme Court to hear arguments in gun case over 1994 law protecting domestic violence victims
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- Children who survive shootings endure huge health obstacles and costs
- A year after 2022 elections, former House Jan. 6 panel members warn of Trump and 2024 danger
- Israelis overwhelmingly are confident in the justice of the Gaza war, even as world sentiment sours
Recommendation
Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
With electric vehicle sales growth slowing, Stellantis Ram brand has an answer: An onboard charger
I think Paramount+ ruined 'Frasier' with the reboot, but many fans disagree. Who's right?
Why Pregnant Kailyn Lowry Is “Hesitant” to Get Engaged to Elijah Scott
New Zealand official reverses visa refusal for US conservative influencer Candace Owens
Golden State Warriors to host 2025 NBA All-Star Game at Chase Center
Hezbollah and Hamas’ military wings in Lebanon exchange fire with Israel. Tension rises along border
Sudan’s military conflict is getting closer to South Sudan and Abyei, UN envoy warns