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 10:46:37
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! (38961)
Related
- House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
- JD Vance refused five times to acknowledge Donald Trump lost 2020 election in podcast interview
- MLB spring training facilities spared extensive damage from Hurricane Milton
- Christina Hall's Ex Josh Hall Trying to Block Sale of $4.5 Million Home
- Global Warming Set the Stage for Los Angeles Fires
- Poland’s leader plans to suspend the right to asylum as country faces pressure on Belarus border
- Woman lands plane in California after her husband, the pilot, suffers medical emergency
- Tesla unveils Cybercab driverless model in 'We, Robot' event
- Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
- Walz tramps through tall grass on Minnesota’s pheasant hunting season opener but bags no birds
Ranking
- DoorDash steps up driver ID checks after traffic safety complaints
- Ben Whittaker, Liam Cameron tumble over ropes during light heavyweight fight
- Why Eminem Didn’t Initially Believe Daughter Hailie Jade’s Pregnancy News
- Travis Kelce’s Ex Kayla Nicole Shuts Down Rumor About Reason for Their Breakup
- The Grammy nominee you need to hear: Esperanza Spalding
- When is Tigers-Guardians Game 5 of American League Division Series?
- Travis Kelce’s Ex Kayla Nicole Shuts Down Rumor About Reason for Their Breakup
- Why 'Terrifier 3' star David Howard Thornton was 'born to play' iconic Art the Clown
Recommendation
A South Texas lawmaker’s 15
NY prosecutors want to combine Harvey Weinstein’s criminal cases into a single trial
2 dead, 35 injured after chemical leak of hydrogen sulfide at Pemex Deer Park oil refinery
Historic ocean liner could soon become the world’s largest artificial reef
Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
Biggest dog in the world was a towering 'gentle giant': Here's who claimed the title
How good is Derrick Henry? Even NFL legend Eric Dickerson is struck by Ravens RB
Video shows Coast Guard rescue boat captain hanging on to cooler after Hurricane Milton