Current:Home > reviewsSenate 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:2025-04-15 17:01:41
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! (35864)
Related
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
- 'Grey's Anatomy' star Jessica Capshaw returns to ABC series as Dr. Arizona Robbins
- Who sang the national anthem at the 2024 Super Bowl? All about Reba McEntire
- The evidence that helped convict Amie Harwick's killer
- Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
- Vanderpump Rules Alum Brittany Cartwright Shares Insight Into Weight Loss Transformation
- Rob Gronkowski Thinks Super Bowl Ticket Prices Are Ridiculous Even for NFL Players
- $6.5K reward as Arizona officials investigate the killing of a desert bighorn sheep near Gila Bend
- North Carolina justices rule for restaurants in COVID
- Compound for sale in Naples, Florida is reportedly America's most expensive listing: See photos
Ranking
- Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
- Valerie Bertinelli ditched the scale after being 'considered overweight' at 150 pounds
- 'Jeopardy!' boss really wants Emma Stone to keep trying to get on the show
- 'NCIS' Season 21: Premiere date, cast, where to watch new episodes
- Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
- Jay-Z, Blue Ivy and Rumi Carter Run This Town in Rare Public Appearance at Super Bowl 2024
- The Viral Bissell Steam Cleaner Removes Stains in Mere Seconds and I Could Not Be More Amazed
- A 'Super' wedding: Kansas City Chiefs fans get married in Las Vegas ahead of Super Bowl 58
Recommendation
California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
Super Bowl 58 bold predictions: Six strong claims for Chiefs vs. 49ers
WWE star Maryse reveals 'rare pre-cancer' diagnosis, planning hysterectomy
Super Bowl: Do performers get paid? What to know about halftime performances, show cost
Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
Jeff Bezos sells nearly 12 million Amazon shares worth at least $2 billion
Even for Las Vegas, the Super Bowl is a huge deal: 'I've never really seen it this busy'
Jay-Z, Blue Ivy and Rumi Carter Run This Town in Rare Public Appearance at Super Bowl 2024