Current:Home > ContactSenate 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:2025-04-14 17:08:32
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! (48388)
Related
- Dick Vitale announces he is cancer free: 'Santa Claus came early'
- Mike Tyson concedes the role of villain to young foe in 58-year-old’s fight with Jake Paul
- After years of unrest, Commanders have reinvented their culture and shattered expectations
- Judge weighs the merits of a lawsuit alleging ‘Real Housewives’ creators abused a cast member
- 'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
- Natural gas flares sparked 2 wildfires in North Dakota, state agency says
- UConn, Kansas State among five women's college basketball games to watch this weekend
- Jennifer Hudson, Kylie Minogue and Billy Porter to perform at Macy’s Thanksgiving Parade
- New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
- Jason Kelce Offers Up NSFW Explanation for Why Men Have Beards
Ranking
- Bodycam footage shows high
- Satire publication The Onion buys Alex Jones’ Infowars at auction with help from Sandy Hook families
- Today's Craig Melvin Replacing Hoda Kotb: Everything to Know About the Beloved Anchor
- What Republicans are saying about Matt Gaetz’s nomination for attorney general
- Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
- What is ‘Doge’? Explaining the meme and cryptocurrency after Elon Musk's appointment to D.O.G.E.
- Mike Tyson is expected to honor late daughter during Jake Paul fight. Here's how.
- Bridgerton's Luke Newton Details His Physical Transformation for Season 3's Leading Role
Recommendation
Intellectuals vs. The Internet
Ford agrees to pay up to $165 million penalty to US government for moving too slowly on recalls
Eva Longoria calls US 'dystopian' under Trump, has moved with husband and son
Only 8 monkeys remain free after more than a week outside a South Carolina compound
Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
UFC 309: Jon Jones vs. Stipe Miocic fight card, odds, how to watch, date
New York nursing home operator accused of neglect settles with state for $45M
Sofia Richie Reveals 5-Month-Old Daughter Eloise Has a Real Phone