Current:Home > ContactSenate begins final push to expand Social Security benefits for millions of people -InfinityFinance
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-15 20:06:51
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! (8325)
Related
- The 401(k) millionaires club keeps growing. We'll tell you how to join.
- Tony Pollard defends Dak Prescott as quarterback of Dallas Cowboys amid extra pressure
- Wisconsin governor doubts Republican Legislature will approve his maps
- Virginia Democrats are sending gun-control bills to a skeptical Gov. Youngkin
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- Mysterious shipwreck washes up on snowy Canada shores, prompting race to salvage vessel being pummeled by the ocean
- Mets manager was worried Patrick Mahomes would 'get killed' shagging fly balls as a kid
- Royal insider on King Charles' cancer diagnosis and what it means for Britain's royal family
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- 33 people arrested after Gaza-related protest in suburban Chicago
Ranking
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Senegal opposition cries coup as presidential election delayed 10 months and violent protests grip Dakar
- NFL, NBA caught by surprise on mega sports streaming service announcement
- Official says police in Haiti killed 5 armed environmental protection agents during ongoing protests
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- Natalia Bryant's Advice on Taking Risks Is the Pep Talk You Need
- Trump's ballot eligibility is headed to the Supreme Court. Here's what to know about Thursday's historic arguments.
- 'It's not rocket science': NFL turf debate rages on although 92% of players prefer grass
Recommendation
Sonya Massey's father decries possible release of former deputy charged with her death
'Moana 2' gets theatrical release date, Disney CEO Bob Iger announces
First Asian American to lead Los Angeles Police Department is appointed interim chief
Taylor Swift's 'Eras Tour' movie will stream on Disney+ with an extended setlist
How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
Stock market today: Asian shares are mostly higher as S&P 500 nears the 5,000 level for the 1st time
How the pandemic ushered in a maximalist new era for Las Vegas residencies
Kentucky lawmakers dine with homeless people as they consider creating unlawful camping offense