Current:Home > reviewsSenate 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:2025-04-16 22:58:31
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! (5288)
Related
- Everything Simone Biles did at the Paris Olympics was amplified. She thrived in the spotlight
- Alanis Morissette and Joan Jett are going on tour: How to get your tickets
- 'The Marvels' is a light comedy about light powers
- You Don’t Wanna Miss This One Tree Hill Reunion
- Bet365 ordered to refund $519K to customers who it paid less than they were entitled on sports bets
- Iconic 1990s Philadelphia Eagles jacket like one worn by Princess Diana going on sale
- Southern Charm: You Won't Believe Why Taylor Ann Green Slept With Ex Shep Rose
- The Air Force’s new nuclear stealth bomber, the B-21 Raider, has taken its first test flight
- Judge says Mexican ex-official tried to bribe inmates in a bid for new US drug trial
- The Excerpt podcast: More women are dying from alcohol-related causes. Why?
Ranking
- A Georgia governor’s latest work after politics: a children’s book on his cats ‘Veto’ and ‘Bill’
- 'The Marvels' is a light comedy about light powers
- Virginia's Perris Jones has 'regained movement in all of his extremities'
- File-transfer software data breach affected 1.3M individuals, says Maine officials
- The Best Stocking Stuffers Under $25
- 'Book-banning crusade' across the U.S.: What does it cost American taxpayers?
- Kaitlin Armstrong, accused in death of pro cyclist Mo Wilson, said she would kill her, witness testifies
- Oil companies attending climate talks have minimal green energy transition plans, AP analysis finds
Recommendation
Buckingham Palace staff under investigation for 'bar brawl'
Police investigate vandalism at US Rep. Monica De La Cruz’s Texas office over Israel-Hamas war
If you think Airbnb, Vrbo are cheaper than hotels, you might want to think again!
Top US and Indian diplomats and defense chiefs discuss Indo-Pacific issues and Israel-Hamas war
Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
From loons to a Lab.: Minnesota's state flag submissions do not disappoint
This Golden Bachelor Fan-Favorite Reveals She Almost Returned After Her Heartbreaking Early Exit
Texas judge rules against GOP lawsuit seeking to toss 2022 election result in Houston area