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 03:19:26
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! (5741)
prev:Bodycam footage shows high
next:'Most Whopper
Related
- Plunge Into These Olympic Artistic Swimmers’ Hair and Makeup Secrets
- Peter Dodge's final flight: Hurricane scientist gets burial at sea into Milton's eye
- Amazon pharmacy to offer same-day delivery to nearly half of US by end of 2025
- A Shopper Says This Liquid Lipstick Lasted Through a Root Canal: Get 6 for $8.49 on Amazon Prime Day
- Buckingham Palace staff under investigation for 'bar brawl'
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Three Bags Full
- Soccer Star George Baldock Found Dead in Swimming Pool at 31
- Taylor Swift makes multi-million dollar donation to Hurricane Milton, Helene relief
- Kehlani Responds to Hurtful Accusation She’s in a Cult
- CBS' handling of contentious 'Mornings' segment with Ta-Nehisi Coates raises new questions
Ranking
- Taylor Swift Cancels Austria Concerts After Confirmation of Planned Terrorist Attack
- Ethel Kennedy, Widow of Robert F. Kennedy, Dead at 96
- What makes transfer quarterbacks successful in college football? Experience matters
- Delta’s Q3 profit fell below $1 billion after global tech outage led to thousands of cancellations
- PHOTO COLLECTION: AP Top Photos of the Day Wednesday August 7, 2024
- Ethel Kennedy, social activist and widow of Robert F Kennedy, has died
- BrucePac recalls nearly 10 million pounds of ready-to-eat meat, poultry products for listeria
- Ethel Kennedy, Widow of Robert F. Kennedy, Dead at 96
Recommendation
Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
Honda recalling almost 1.7 million vehicles over 'sticky' steering issue
The Daily Money: Revisiting California's $20 minimum wage
Mountain Dew VooDew 2024: What is the soft drink's Halloween mystery flavor?
'Meet me at the gate': Watch as widow scatters husband's ashes, BASE jumps into canyon
Peter Dodge's final flight: Hurricane scientist gets burial at sea into Milton's eye
Florida picking up the pieces after Milton: 6 dead, 3.4M in dark. Live updates
This Garment Steamer Is Like a Magic Wand for Your Wardrobe and It’s Only $24 During Amazon Prime Day