Current:Home > reviewsSenate begins final push to expand Social Security benefits for millions of people -Trailblazer Capital Learning
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-15 13:01:10
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! (5)
Related
- Senate begins final push to expand Social Security benefits for millions of people
- The Voice Announces 2 New Coaches for Season 25 in Surprise Twist
- Know your economeme
- Kate Spade 24-Hour Flash Deal: Get This $250 Crossbody Bag for Just $79
- Rylee Arnold Shares a Long
- Inside Clean Energy: The Energy Storage Boom Has Arrived
- In a Stark Letter, and In Person, Researchers Urge World Leaders at COP26 to Finally Act on Science
- Former Sub Passenger Says Waiver Mentions Death 3 Times on First Page
- The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
- Black married couples face heavier tax penalties than white couples, a report says
Ranking
- Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
- Maluma Is Officially a Silver Fox With New Salt and Pepper Hairstyle
- You may have heard of the 'union boom.' The numbers tell a different story
- Get a Rise Out of Blake Lively, Ryan Reynolds' Visit to the Great British Bake Off Set
- Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
- A surprise-billing law loophole? Her pregnancy led to a six-figure hospital bill
- The Enigmatic ‘Climate Chancellor’ Pulls Off a Grand Finale
- Why Brexit's back in the news: Britain and the EU struck a Northern Ireland trade deal
Recommendation
Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
13 Refineries Emit Dangerous Benzene Emissions That Exceed the EPA’s ‘Action Level,’ a Study Finds
Former Sub Passenger Says Waiver Mentions Death 3 Times on First Page
Beyoncé's Adidas x Ivy Park Drops a Disco-Inspired Swim Collection To Kick off the Summer
Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
Who is Fran Drescher? What to know about the SAG-AFTRA president and sitcom star
Full transcript of Face the Nation, July 16, 2023
Tomato shortages hit British stores. Is Brexit to blame?