Current:Home > MarketsSenate 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 19:10:05
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! (4)
Related
- The company planning a successor to Concorde makes its first supersonic test
- Connecticut governor vetoes bill that could lead to $3 million in assistance to striking workers
- Michigan group claims $842.4 million Powerball jackpot from New Year's Day
- Reported birth of rare white buffalo calf in Yellowstone park fulfills Lakota prophecy
- Military service academies see drop in reported sexual assaults after alarming surge
- Congress sought Osprey crash and safety documents from the Pentagon last year. It’s still waiting
- Loungefly's Sitewide Sale Includes Up to 75% Off on New Releases & Fan Favorites: Disney, Pixar & More
- Titan Sub Tragedy: Log of Passengers' Final Words That Surfaced Online Found to Be Fake
- Sonya Massey's father decries possible release of former deputy charged with her death
- Virginia NAACP sues school board for reinstating Confederate names
Ranking
- $73.5M beach replenishment project starts in January at Jersey Shore
- What is paralytic shellfish poisoning? What to know about FDA warning, how many are sick.
- Who is Tony Evans? Pastor who stepped down from church over ‘sin’ committed years ago
- Arkansas governor calls for special session on tax cuts and funds for hunting and fishing agency
- Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
- With spending talks idling, North Carolina House to advance its own budget proposal
- Fans sentenced to prison for racist insults directed at soccer star Vinícius Júnior in first-of-its-kind conviction
- Caitlin Clark's Olympics chances hurt by lengthy evaluation process | Opinion
Recommendation
Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
Bravo's Tabatha Coffey Reveals Her Partner of 25 Years Died After Heartbreaking Health Struggles
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Flip Side
Aaron Rodgers skipping New York Jets minicamp another example of bad optics from QB
Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
Jerry West, a 3-time Hall of Fame selection and the NBA logo, dies at 86
Malawi Vice President Dr. Saulos Chilima killed in plane crash along with 9 others
Ranking the five best and worst MLB stadiums based on their Yelp reviews