Current:Home > NewsSenate 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
Indexbit Exchange View
Date:2025-04-07 02:01:10
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! (72277)
Related
- DoorDash steps up driver ID checks after traffic safety complaints
- Biden’s Appointment of John Kerry as Climate Envoy Sends a ‘Signal to the World,’ Advocates Say
- Trump Demoted FERC Chairman Chatterjee After He Expressed Support for Carbon Pricing
- Katharine McPhee's Smashing New Haircut Will Inspire Your Summer 'Do
- The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
- Supreme Court rejects independent state legislature theory in major election law case
- Tyson Ritter Says Machine Gun Kelly Went Ballistic on Him Over Megan Fox Movie Scene Suggestion
- International Day of Climate Action Spreads Across 179 Countries
- See you latte: Starbucks plans to cut 30% of its menu
- Big Oil Has Spent Millions of Dollars to Stop a Carbon Fee in Washington State
Ranking
- Small twin
- Ali Wong Addresses Weird Interest in Her Private Life Amid Bill Hader Relationship
- Meet Noor Alfallah: Everything We Know About Al Pacino's Pregnant Girlfriend
- Lala Kent Slams Tom Sandoval Over That Vanderpump Rules Reunion Comment About Her Daughter
- Travis Hunter, the 2
- Megan Fox and Machine Gun Kelly Prove Their Twin Flame Is Burning Bright During London Outing
- Trump heard in audio clip describing highly confidential, secret documents
- Katharine McPhee's Smashing New Haircut Will Inspire Your Summer 'Do
Recommendation
Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
Dolphins use baby talk when communicating with calves, study finds
U.S. Renewable Energy Jobs Employ 800,000+ People and Rising: in Charts
Microinsurance Protects Poor Farmers Facing Increasing Risks from Climate Change
Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
New York man shot crossbow that killed infant daughter, authorities say
Chicago has the worst air quality in the world due to Canadian wildfire smoke
An Unlikely Alliance of Farm and Environmental Groups Takes on Climate Change