Current:Home > ScamsSenate begins final push to expand Social Security benefits for millions of people -TruePath Finance
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-12 15:05:50
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
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Cowboys owner Jerry Jones to holdout CeeDee Lamb: 'You're missed'
- Diamond Shruumz recall: FDA reports new hospitalizations, finds illegal substances
- After Josh Hall divorce, Christina Hall vows to never 'give away my peace again'
- A South Texas lawmaker’s 15
- Britney Spears and Megan Fox are not alone: Shoplifting is more common than you think
- Crews begin demolishing Texas church where gunman killed more than two dozen in 2017
- USWNT wins its fifth Olympic gold medal in women’s soccer with a 1-0 victory over Brazil in final
- FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
- Debby’s aftermath leaves thousands in the dark; threatens more flooding in the Carolinas
Ranking
- Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
- A'ja Wilson had NSFW answer to describe Kahleah Copper's performance in gold medal game
- Jupiter and Mars are about meet up: How to see the planetary conjunction
- Madison LeCroy’s Hair Hack Gives Keratin Treatment and Brazilian Blowout Results Without Damage
- Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
- New weather trouble? Tropical Storm Ernesto could form Monday
- Democrats launch first paid ad campaign for the Harris-Walz ticket in battleground states
- Jordan Chiles May Keep Olympic Bronze Medal After All as USA Gymnastics Submits New Evidence to Court
Recommendation
Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
Tom Cruise crashes Paris Olympics closing ceremony with thrilling rappel, skydiving stunt
Harris is pushing joy. Trump paints a darker picture. Will mismatched moods matter?
Hair loss is extremely common. Are vitamins the solution?
Skins Game to make return to Thanksgiving week with a modern look
King Charles III applauds people who stood against racism during recent unrest in the UK
The timeline of how the school shooting in Uvalde, Texas, unfolded, according to a federal report
Should Shelby McEwen have shared gold for USA's medal count? Don't be ridiculous