Current:Home > ScamsSenate begins final push to expand Social Security benefits for millions of people -FinTechWorld
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-23 07:59:42
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! (15578)
Related
- The Best Stocking Stuffers Under $25
- 'The truth has finally set him free.': Man released after serving 28 years for crime he didn't commit
- Michael Gambon, veteran actor who played Dumbledore in 'Harry Potter,' dies at 82
- Vietnam sentences climate activist to 3 years in prison for tax evasion
- Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
- 1000-Lb. Sisters' Tammy Slaton Shares New Glimpse at Weight Loss Transformation
- Ringo Starr on ‘Rewind Forward,’ writing country music, the AI-assisted final Beatles track and more
- Vietnam sentences climate activist to 3 years in prison for tax evasion
- Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
- Netflix’s DVD-by-mail service bows out as its red-and-white envelopes make their final trip
Ranking
- 2 killed, 3 injured in shooting at makeshift club in Houston
- Kylie Jenner Turns Heads With Bangin' Look During Red Hot Paris Fashion Week Appearance
- DNA sample from suspect in Gilgo Beach murders matches pizza crust, prosecutors say
- The Explosive Real Housewives of Potomac Season 8 Trailer Features Fights, Voodoo and More
- Meta donates $1 million to Trump’s inauguration fund
- Powerball jackpot at $850 million for Sept. 27 drawing. See Wednesday's winning numbers.
- With Damian Lillard trade, Bucks show Giannis Antetokounmpo NBA championship commitment
- Taylor Swift has power to swing the presidential election. What if nothing else matters?
Recommendation
Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
1000-Lb. Sisters' Tammy Slaton Shares New Glimpse at Weight Loss Transformation
5 UAW members hit by vehicle in Michigan while striking
Gun control among new laws taking effect in Maryland
Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
UAW VP says Stellantis proposals mean job losses; top executive says they won't
DNA sample from suspect in Gilgo Beach murders matches pizza crust, prosecutors say
Slightly fewer number of Americans apply for jobless benefits as layoffs remain rare