Current:Home > InvestSenate begins final push to expand Social Security benefits for millions of people -WealthMindset Learning
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-18 10:20:21
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! (65911)
Related
- DoorDash steps up driver ID checks after traffic safety complaints
- Kevin McCarthy won't run for speaker again
- 'Maestro': Bradley Cooper surprises at his own movie premiere amid actors' strike
- North Korea vows strong response to Pentagon report that calls it a ‘persistent’ threat
- Kehlani Responds to Hurtful Accusation She’s in a Cult
- iPhone 15 models have been overheating. Apple blames iOS17 bugs, plans software update.
- Denver Broncos to release veteran pass rusher Randy Gregory, per reports
- Federal appeals court expands limits on Biden administration in First Amendment case
- Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
- Former Russian state TV journalist gets 8 1/2-year sentence in absentia for Ukraine war criticism
Ranking
- Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
- USFWS Is Creating a Frozen Library of Biodiversity to Help Endangered Species
- Seattle to pay nearly $2M after man dies of a heart attack at address wrongly on 911 blacklist
- Watch Gwen Stefani’s Reaction to Niall Horan’s Hilarious Impression of Blake Shelton
- Illinois Gov. Pritzker calls for sheriff to resign after Sonya Massey shooting
- Jimmie Allen, wife Alexis Gale welcome third child amid separation and assault allegations
- See Jacob Elordi's Full Elvis Presley Transformation in New Priscilla Trailer
- 'Made for this moment': Rookie star Royce Lewis snaps Twins' historic losing streak
Recommendation
Organizers cancel Taylor Swift concerts in Vienna over fears of an attack
Too hot to handle: iPhone 15 Pro users report overheating
El Chapo's sons purportedly ban fentanyl in Mexico's Sinaloa state
Historic low: Less than 20,000 Tampa Bay Rays fans showed up to the team's first playoff game
Olympic men's basketball bracket: Results of the 5x5 tournament
Proof Travis Kelce Is Fearless About Taylor Swift Fan Frenzy
Who are college football's most overpaid coaches? Hint: SEC leads the way.
Homeless 25-year-old Topeka man arrested in rape and killing of 5-year-old girl