Current:Home > StocksSenate begins final push to expand Social Security benefits for millions of people -BeyondWealth Learning
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-13 18:01:36
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! (23)
Related
- Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
- Taylor Swift could make it to quite a few Chiefs games this season. See the list
- Ivan Cornejo weathers heartbreak on new album 'Mirada': 'Everything is going to be fine'
- Score 75% Off Urban Outfitters, 50% Off Ulta, 65% Off Sur La Table & Today's Best Deals
- $73.5M beach replenishment project starts in January at Jersey Shore
- U.S. Navy pilot becomes first American woman to engage and kill an air-to-air contact
- Rare black bear spotted in southern Illinois
- Miss Kansas Alexis Smith Calls Out Her Alleged Abuser Onstage in Viral Video
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- US home sales fell in June to slowest pace since December amid rising mortgage rates, home prices
Ranking
- DoorDash steps up driver ID checks after traffic safety complaints
- Kamala Harris is preparing to lead Democrats in 2024. There are lessons from her 2020 bid
- Florida’s only historically Black university names interim president
- Video shows aftermath from train derailing, crashing into New York garage
- Don't let hackers fool you with a 'scam
- Tyson Campbell, Jaguars agree to four-year, $76.5 million contract extension, per report
- Dan Aykroyd revisits the Blues Brothers’ remarkable legacy in new Audible Original
- U.S. sprinter McKenzie Long runs from grief toward Olympic dream
Recommendation
From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
Carpenter bees sting, but here’s why you’ll want them to keep buzzing around your garden
Nordstrom Anniversary Sale 2024: The Best Deals on Accessories From Celine, Dagne Dover, Coach & More
Shop GAP Factory's Epic Sale & Score an Extra 60% off Clearance: $6 Tanks, $9 Pants, $11 Dresses & More
McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
Ivan Cornejo weathers heartbreak on new album 'Mirada': 'Everything is going to be fine'
Harris to visit battleground Wisconsin in first rally as Democrats coalesce around her for president
Google makes abrupt U-turn by dropping plan to remove ad-tracking cookies on Chrome browser