Current:Home > NewsSenate begins final push to expand Social Security benefits for millions of people -Elevate Capital Network
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-13 00:46:27
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! (1946)
Related
- NCAA President Charlie Baker would be 'shocked' if women's tournament revenue units isn't passed
- Mall guard tells jurors he would not have joined confrontation that led to man’s death
- American Airlines extends suspension of flights to Israel through late March amid war in Gaza
- PHOTO COLLECTION: Election 2024 DNC Details
- 'Meet me at the gate': Watch as widow scatters husband's ashes, BASE jumps into canyon
- James Taylor addresses scrapped performance at DNC 2024: 'Sorry to disappoint'
- Lawsuit accuses Oregon police department of illegally monitoring progressive activists
- Trial date set for June for man accused of trying to assassinate Supreme Court Justice Kavanaugh
- Your Wedding Guests Will Thank You if You Get Married at These All-Inclusive Resorts
- Man shot by 2-year-old at Virginia home in what police call an accidental shooting
Ranking
- Matt Damon remembers pal Robin Williams: 'He was a very deep, deep river'
- Nevada wildfire causes rail and power outages, but crews halt flames’ progress
- It Ends With Us' Brandon Sklenar Slams Critics Vilifying the Women Behind the Film
- From cybercrime to terrorism, FBI director says America faces many elevated threats ‘all at once’
- Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
- The Latest: Walz is expected to accept the party’s nomination for vice president at DNC Day 3
- Why Princess Diaries' Heather Matarazzo Left Hollywood for Michigan
- Utah lawmakers want voters to give them the power to change ballot measures once they’ve passed
Recommendation
Buckingham Palace staff under investigation for 'bar brawl'
Beware of these potential fantasy football busts, starting with Texans WR Stefon Diggs
Judge dismisses lawsuit after Alabama says new felon voting law won’t be enforced this election
Trial date set for June for man accused of trying to assassinate Supreme Court Justice Kavanaugh
Pressure on a veteran and senator shows what’s next for those who oppose Trump
Man pleads not guilty to killings of three Southern California women in 1977
Michigan doctor charged with taking photos and videos of naked children and adults
Gabby Williams signs with Seattle Storm after Olympic breakout performance for France