Current:Home > NewsSenate begins final push to expand Social Security benefits for millions of people -EquityZone
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-17 11:59:36
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! (191)
Related
- New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
- Robert Downey Jr. wins supporting actor and his first Oscar for ‘Oppenheimer’
- Ryan Gosling greets fans, Vanessa Hudgens debuts baby bump: The top Oscars red carpet moments
- Kamilla Cardoso embarrasses South Carolina but sting will be fleeting
- Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
- OSCARS PHOTOS: See candid moments from the red carpet
- How John Cena Pulled Off Naked Look at 2024 Oscars
- US probes complaints that automatic emergency braking comes on for no reason in 2 Honda models
- McConnell absent from Senate on Thursday as he recovers from fall in Capitol
- Krispy Kreme offers free doughnuts, introduces 4 new flavors in honor of St. Patrick's Day
Ranking
- Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
- How much is an Oscar statue worth? The resale value of Academy Awards statues is strictly regulated
- Emma Stone Has Wardrobe Malfunction While Accepting Best Actress Award at 2024 Oscars
- Why Al Pacino's 2024 Oscars Best Picture Flub Has the Internet Divided
- South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
- Oscar Moments: Talk of war and peace, a coronation for Nolan, and Ken-demonium for Gosling
- Vanessa Hudgens is pregnant, revealing baby bump at Oscars
- How Killers of the Flower Moon's Martin Scorsese Consoled Lily Gladstone After 2024 Oscars Loss
Recommendation
IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
Maritime corridor for aid to Gaza will take two months to build and 1,000 U.S. forces, Pentagon says
Photo agencies remove latest Princess Kate picture over 'manipulation,' fueling conspiracy
Christopher Bell wins NASCAR race at Phoenix to give emotional lift to Joe Gibbs Racing
Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
RHOC's Alexis Bellino and John Janssen Make First Red Carpet Appearance as a Couple
'I wish she would've pushed Angel Reese': LSU's Kim Mulkey reacts to women's SEC title fight
Charlize Theron Has Best Reaction to Guillermo's Tequila Shoutout at 2024 Oscars