Current:Home > NewsSenate begins final push to expand Social Security benefits for millions of people -OceanicInvest
Senate begins final push to expand Social Security benefits for millions of people
TradeEdge Exchange View
Date:2025-04-09 05:26:28
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! (41615)
Related
- 'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
- Campbell “Pookie” Puckett and Jett Puckett Prove Their Red Carpet Debut Is Fire at CMT Music Awards
- GOP lawmaker says neo-Nazi comments taken out of context in debate over paramilitary training
- 50 positive life quotes to inspire, and lift your spirit each day
- A South Texas lawmaker’s 15
- Massachusetts city is set to settle a lawsuit in the death of an opioid-addicted woman
- In pivotal election year, 'SNL' should be great. It's only mid.
- See the list of notable past total solar eclipses in the U.S. since 1778
- How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
- Jonathan Majors Sentenced to 52-Week Counseling Program in Domestic Violence Case
Ranking
- Taylor Swift makes surprise visit to Kansas City children’s hospital
- 'Just married!': Don Lemon, Tim Malone share wedding pics
- How Mark Estes Feels About Spotlight on Kristin Cavallari Romance
- 2 women who say abortion restrictions put them in medical peril feel compelled to campaign for Biden
- Trump issues order to ban transgender troops from serving openly in the military
- Why Sam Hunt Is Loving Every Bit of His Life As a Dad to 2 Kids Under 2
- Tiera Kennedy Shares “Crazy” Experience Working With Beyoncé on Cowboy Carter
- Tiera Kennedy Shares “Crazy” Experience Working With Beyoncé on Cowboy Carter
Recommendation
US appeals court rejects Nasdaq’s diversity rules for company boards
Defending champ UConn returns to NCAA title game, beating Alabama 86-72
How South Carolina's Dawn Staley forged her championship legacy after heartbreak of 1991
Jonathan Majors faces sentencing for assault conviction that derailed Marvel star’s career
Intel's stock did something it hasn't done since 2022
What time the 2024 solar eclipse starts, reaches peak totality and ends today
National Beer Day 2024: Buffalo Wild Wings, Taco Bell Cantina among spots with deals
UConn takes precautions to prevent a repeat of the vandalism that followed the 2023 title game