Current:Home > InvestSenate begins final push to expand Social Security benefits for millions of people -DubaiFinance
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-13 05:04:36
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! (965)
Related
- The Super Bowl could end in a 'three
- Ye, formerly Kanye West, accused of 'spreading antisemitism' at Donda Academy in new lawsuit
- Travis Kelce Shares Biggest Lesson He's Learned from Taylor Swift
- Lizzo Clarifies Comments on Quitting
- Sonya Massey's father decries possible release of former deputy charged with her death
- A new election law battle is brewing in Georgia, this time over voter challenges
- Travis Kelce Shares Biggest Lesson He's Learned from Taylor Swift
- Workers had little warning as Maryland bridge collapsed, raising concerns over safety, communication
- Louvre will undergo expansion and restoration project, Macron says
- 2024 WNBA mock draft roundup: Predictions for Angel Reese, Caitlin Clark
Ranking
- Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
- The Force Is With Megan Fox as She Unveils Jedi Hair Transformation
- Miranda Lambert, Billie Eilish, Nicki Minaj submit letter to AI developers to honor artists’ rights
- Judge tosses lawsuit filed by man who served nearly 40 years for rape he may not have committed
- Skins Game to make return to Thanksgiving week with a modern look
- Man is arrested in Easter brunch shooting in Nashville that left 1 dead and 5 injured
- Chance the Rapper and Wife Kirsten Corley Break Up After 5 Years of Marriage
- Kansas City Chiefs’ Rashee Rice leased Lamborghini involved in Dallas crash, company’s attorney says
Recommendation
Tree trimmer dead after getting caught in wood chipper at Florida town hall
When does the final season of 'Star Trek: Discovery' come out? Release date, cast, where to watch
From chips to pizza and beer, brands look to cash in on rare solar eclipse
'Oppenheimer' premieres in Japan: Here's how Hiroshima survivors, Japanese residents reacted
Former longtime South Carolina congressman John Spratt dies at 82
Russia accuses IOC chief of 'conspiracy' to exclude its athletes from 2024 Olympics
National Teacher of the Year helps diverse students and their families thrive in rural Tennessee
Oregon Gov. signs bill reintroducing criminal penalties for drug possession: What to know