Current:Home > ScamsSenate begins final push to expand Social Security benefits for millions of people -Wealth Momentum Network
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-18 10:44:26
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! (1699)
Related
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Why this $10,000 Toyota Hilux truck is a great affordable camper
- What is a detox? Here's why you may want to think twice before trying one.
- Four Downs: A Saturday of complete college football chaos leaves SEC race up for grabs
- Trump's 'stop
- Retired New Jersey State Police trooper who stormed Capitol is sentenced to probation
- How Trump credits an immigration chart for saving his life and what the graphic is missing
- How Trump credits an immigration chart for saving his life and what the graphic is missing
- A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
- Bighorn sheep habitat to remain untouched as Vail agrees to new spot for workforce housing
Ranking
- Global Warming Set the Stage for Los Angeles Fires
- 'Dream come true:' New Yorker flies over 18 hours just to see Moo Deng in Thailand
- How Trump credits an immigration chart for saving his life and what the graphic is missing
- Battered community mourns plastics factory workers swept away by Helene in Tennessee
- Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
- The Supreme Court opens its new term with election disputes in the air but not yet on the docket
- Man fatally shoots his 81-year-old wife at a Connecticut nursing home
- Regulators investigate possible braking error in over 360,000 Ford crossover SUVs
Recommendation
The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
‘Magical’ flotilla of hot air balloons take flight at international fiesta amid warm temperatures
Man deemed violent predator caught after removing GPS monitor, escaping and prompting 3-day search
Minnesota Lynx cruise to Game 3 win vs. Connecticut Sun, close in on WNBA Finals
NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
You may want to think twice before letting your dog jump in leaves this fall
Mexican immigrant families plagued by grief, questions after plant workers swept away by Helene
Four Downs: A Saturday of complete college football chaos leaves SEC race up for grabs