Current:Home > StocksSenate begins final push to expand Social Security benefits for millions of people -ProfitEdge
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-17 15:08:15
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! (554)
Related
- A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
- Six college football teams can win national championship from Texas to Oregon to ... Alabama?!
- Opinion: Harris has adapted to changing media reality. It's time journalism does the same.
- Titans' Calvin Ridley vents after zero-catch game: '(Expletive) is getting crazy for me'
- Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
- Why Aoki Lee Simmons Is Quitting Modeling After Following in Mom Kimora Lee Simmons' Footsteps
- Cardi B Reveals What Her Old Stripper Name Used to Be
- Shocker! No. 10 LSU football stuns No. 8 Ole Miss and Lane Kiffin in dramatic finish
- Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
- Cardi B Reveals What Her Old Stripper Name Used to Be
Ranking
- Woman dies after Singapore family of 3 gets into accident in Taiwan
- Aidan Hutchinson's gruesome injury casts dark cloud over Lions after major statement win
- Bears vs. Jaguars in London: Start time, how to watch for Week 6 international game
- Who are the last three on 'Big Brother'? Season 26 finale date, cast, where to watch
- Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon
- Kamala Harris, Donald Trump face off on 'Family Feud' in 'SNL' cold open
- Kylie Jenner and Timothée Chalamet Spotted on Dinner Date in Rare Sighting
- Washington state’s landmark climate law hangs in the balance in November
Recommendation
Meta releases AI model to enhance Metaverse experience
Trump’s protests aside, his agenda has plenty of overlap with Project 2025
USMNT shakes off malaise, wins new coach Mauricio Pochettino's debut
Cowboys stuck in a house of horrors with latest home blowout loss to Lions
The Grammy nominee you need to hear: Esperanza Spalding
Breanna Stewart, New York Liberty even WNBA Finals 1-1 after downing Minnesota Lynx
Opinion: Yom Kippur reminds us life is fleeting. We must honor it with good living.
‘The View’ abortion ad signals wider effort to use an FCC regulation to spread a message