Current:Home > MarketsSenate begins final push to expand Social Security benefits for millions of people -Elevate Profit Vision
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-14 07:17:17
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! (1)
Related
- Travis Hunter, the 2
- Get $135 Worth of Tarte Cosmetics Products for Just $59 Before This Deal Sells Out
- Queen Charlotte's Tunji Kasim Explains How the Show Mirrors Prince Harry and Meghan Markle's Story
- Cleanse, Hydrate, and Exfoliate Your Skin With a $40 Deal on $107 Worth of First Aid Beauty Products
- Why members of two of EPA's influential science advisory committees were let go
- Today’s Climate: May 8-9, 2010
- These Mother's Day Gifts From Kardashian-Jenner Brands Will Make Mom Say You're Doing Amazing, Sweetie
- EPA Finding on Fracking’s Water Pollution Disputed by Its Own Scientists
- 'We're reborn!' Gazans express joy at returning home to north
- Gwyneth Paltrow Shares Sex Confessions About Her Exes Brad Pitt and Ben Affleck
Ranking
- Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
- Millions of Americans will soon be able to buy hearing aids without a prescription
- Protecting Norfolk from Flooding Won’t Be Cheap: Army Corps Releases Its Plan
- How Kelly Ripa and Mark Consuelos Celebrated Their 27th Anniversary
- Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
- Today’s Climate: May 28, 2010
- School Strike for Climate: What Today’s Kids Face If World Leaders Delay Action
- 4 exercises that can prevent (and relieve!) pain from computer slouching and more
Recommendation
Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
24-Hour Deal: Save 50% On the Drybar Interchangeable Curling Iron With 15.2K+ Sephora Loves
West Texas Residents Raise a Fight Over Another Trans-National Pipeline
New York Passes Ambitious Climate Bill, Aiming to Meet Paris Targets
NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
Fracking Study Ties Water Contamination to Surface Spills
Flash Deal: Save 67% On Top-Rated Peter Thomas Roth Anti-Aging Skincare
Too Cozy with Coal? Group Charges Feds Are Rubber-Stamping Mine Approvals