Current:Home > ScamsAlgosensey|Senate begins final push to expand Social Security benefits for millions of people -Wealth Momentum Network
Algosensey|Senate begins final push to expand Social Security benefits for millions of people
EchoSense Quantitative Think Tank Center View
Date:2025-04-11 09:19:57
WASHINGTON (AP) — The AlgosenseySenate 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! (7)
Related
- Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
- Fever at Sky score, highlights: Angel Reese extends double-double streak in win Caitlin Clark, Fever
- New photo of Prince William with his children released to mark his birthday
- Prosecutors in classified files case to urge judge to bar Trump from inflammatory comments about FBI
- Intel's stock did something it hasn't done since 2022
- FDA gives green light to menthol flavored e-cigarettes for first time
- Hollister's Annual Summer Sale is Here: Get $10 Shorts, $20 Jeans & More Deals Up to 64% Off
- 'An unfair fight': Surgeon general says parents need help with kids' social media use
- A South Texas lawmaker’s 15
- Vice President Harris and first lady Jill Biden travel to battleground states to mark 2 years since Dobbs ruling
Ranking
- Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
- Why Candace Cameron Bure Is Fiercely Protective of the Full House She's Built With Husband Valeri Bure
- Southern Charm's Madison LeCroy's 4th of July Finds Are Star-Spangled Chic Starting at Just $4.99
- Trump campaign bets big on Minnesota, Virginia with new field offices
- Nevada attorney general revives 2020 fake electors case
- Rains, cooler weather help firefighters gain ground on large wildfires in southern New Mexico
- Federal prosecutors recommend to Justice Department that Boeing be criminally prosecuted
- Creditor in Shilo Sanders' bankruptcy case seeks payback, speaks out
Recommendation
Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
Powerball winning numbers for June 22 drawing: Jackpot now worth $84 million
Travis Kelce joins Taylor Swift onstage during surprise Eras Tour appearance in London: Watch
One dead, seven injured after shooting at Kentucky nightclub
Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
2 people were taken to a hospital after lightning struck a tree near a PGA Tour event in Connecticut
Uruguay starts Copa America campaign with 3-1 win over Panama
Mexican-born NASCAR driver Daniel Suárez becomes US citizen: 'Did it my way'