Current:Home > FinanceSenate 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:2025-04-11 19:19:56
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! (2)
Related
- Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
- A Kentucky lawmaker pushes to limit pardon powers in response to a former governor’s actions
- Spit hoods can be deadly. Police keep using them anyway.
- Oscars, take note: 'Poor Things' built its weird, unforgettable world from scratch
- The GOP and Kansas’ Democratic governor ousted targeted lawmakers in the state’s primary
- As Marvel reveals the new ‘Fantastic Four’ cast, here’s a look back at all the past versions
- 'Don't want to give Mahomes the ball': Mic'd-up Super Bowl feed reveals ref talking about QB
- Yemen's Houthi rebels target carrier ship bound for Iran, their main supporter
- Immigration issues sorted, Guatemala runner Luis Grijalva can now focus solely on sports
- $5 for desk rent - before inflation: 3rd graders learn hard lessons to gain financial literacy
Ranking
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- Disneyland performers seek to have union protections like other park employees
- Key points of AP report into missed red flags surrounding accused US diplomat-turned-Cuban spy
- Palestinians living in US will be shielded from deportation, the White House says
- Illinois Gov. Pritzker calls for sheriff to resign after Sonya Massey shooting
- Pistons' Isaiah Stewart arrested, facing suspension after punching Suns' Drew Eubanks
- Suspect killed by police after stabbings at Virginia training center leaves 1 man dead, another injured
- Proposed TikTok ban for kids fails in Virginia’s Legislature
Recommendation
NCAA President Charlie Baker would be 'shocked' if women's tournament revenue units isn't passed
North Dakota lieutenant governor launches gubernatorial bid against congressman
Inside Leighton Meester and Adam Brody's Super-Private Love Story
North Carolina man says he'll use lottery winnings to run for US Congress
US Open player compensation rises to a record $65 million, with singles champs getting $3.6 million
House Intel chair's cryptic warning about serious national security threat prompts officials to urge calm
Biden touts hostage talks that could yield 6-week cease-fire between Israel and Hamas
'Young Sheldon' Season 7: Premiere date, time, where to watch and stream new episodes