Current:Home > StocksSenate begins final push to expand Social Security benefits for millions of people -VisionFunds
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-13 03:24:09
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! (691)
Related
- 'We're reborn!' Gazans express joy at returning home to north
- 5 dead and 5 injured — names on a scrap of paper show impact of Gaza war on a US family
- ACTORS STRIKE PHOTOS: See images from the 100 days film and TV actors have been picketing
- Upgrade Your Home With Early Way Day Deals: Get a $720 Rug for $112, $733 Bed Frame for $220 & More
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Okta's stock slumps after security company says it was hacked
- Judge fines Trump $5,000 after threatening prison for gag order violation
- College football Week 8 highlights: Catch up on all the scores, best plays and biggest wins
- DoorDash steps up driver ID checks after traffic safety complaints
- New Netflix thriller tackling theme of justice in Nigeria is a global hit and a boon for Nollywood
Ranking
- Nevada attorney general revives 2020 fake electors case
- Tensions are high in Europe amid anger over Israel-Hamas war
- Australian prime minister announces China visit hours before leaving for US to meet Biden
- Australian prime minister announces China visit hours before leaving for US to meet Biden
- What do we know about the mysterious drones reported flying over New Jersey?
- Bryce Harper, Zack Wheeler power Phillies to the brink of World Series with NLCS Game 5 win
- 'The Golden Bachelor' contestant Kathy has no regrets: 'Not everybody's going to love me'
- 'Strange and fascinating' Pacific football fish washes up on Southern California beach
Recommendation
New Zealand official reverses visa refusal for US conservative influencer Candace Owens
Entertainment industry A-listers sign a letter to Biden urging a cease-fire in Gaza
Biden is dangling border security money to try to get billions more for Israel and Ukraine
Synagogue president found stabbed to death outside home
From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
How a weekly breakfast at grandma's helped students heal from the grief of losing a classmate
Palestinian death toll in West Bank surges as Israel pursues militants following Hamas rampage
A fiery crash of a tanker truck and 2 cars kills at least 1 on the Pennsylvania Turnpike