Current:Home > NewsSenate begins final push to expand Social Security benefits for millions of people -Summit Capital Strategies
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-17 11:47:37
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! (3156)
Related
- Stamford Road collision sends motorcyclist flying; driver arrested
- Oil and Gas Fields Leak Far More Methane than EPA Reports, Study Finds
- Millionaire says OceanGate CEO offered him discount tickets on sub to Titanic, claimed it was safer than scuba diving
- Wayfair's Memorial Day Sale 2023 Has 82% Off Dyson, Blackstone & More Incredible Deals for Under $100
- Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
- Enbridge Fined for Failing to Fully Inspect Pipelines After Kalamazoo Oil Spill
- The NCAA looks to weed out marijuana from its banned drug list
- Putin calls armed rebellion by Wagner mercenary group a betrayal, vows to defend Russia
- Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
- Here's How Succession Ended After 4 Seasons
Ranking
- Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
- Shop Incredible Dyson Memorial Day Deals: Save on Vacuums, Air Purifiers, Hair Straighteners & More
- Coronavirus Already Hindering Climate Science, But the Worst Disruptions Are Likely Yet to Come
- Defense arguments are set to open in a landmark climate case brought by Montana youth
- Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
- A year after Dobbs and the end of Roe v. Wade, there's chaos and confusion
- Get $91 Worth of MAC Cosmetics Eye Makeup for Just $40
- Sarah, the Duchess of York, undergoes surgery following breast cancer diagnosis
Recommendation
Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
Get $91 Worth of MAC Cosmetics Eye Makeup for Just $40
What to Make of Some Young Evangelicals Abandoning Trump Over Climate Change?
Hoop dreams of a Senegalese b-baller come true at Special Olympics
Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
Enbridge Fined for Failing to Fully Inspect Pipelines After Kalamazoo Oil Spill
A step-by-step guide to finding a therapist
Lewis Capaldi's Tourette's interrupted his performance. The crowd helped him finish