Current:Home > ContactSenate begins final push to expand Social Security benefits for millions of people -CapitalEdge
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-18 22:22:54
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! (88915)
Related
- Dick Vitale announces he is cancer free: 'Santa Claus came early'
- Coach Flash Deal: This $298 Coach Tote Bag Is on Sale for $89 and It Comes in 4 Colors
- Get $104 Worth of MAC Cosmetics Products for Just $49 To Create an Effortlessly Glamorous Look
- Secretary of State Antony Blinken says we haven't seen the last act in Russia's Wagner rebellion
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- U.S. Envoy Kerry Says China Is Crucial To Handling The Climate Crisis
- Beijing's record high temperatures prompt authorities to urge people to limit time outdoors
- Greenhouse Gas Levels Are The Highest Ever Seen — And That's Going Back 800,000 Years
- Nevada attorney general revives 2020 fake electors case
- To Avoid Extreme Disasters, Most Fossil Fuels Should Stay Underground, Scientists Say
Ranking
- Dick Vitale announces he is cancer free: 'Santa Claus came early'
- Proof You’ll Really Like Tariq the Corn Kid’s Adorable Red Carpet Moment
- Gunmen kidnap more than a dozen police employees in southern Mexico
- Killer whales attack sailboats during international race: A dangerous moment
- Behind on your annual reading goal? Books under 200 pages to read before 2024 ends
- India leader Modi uses yoga to unite at U.N. ahead of Biden meeting, but many see him as a divider
- The Wind Is Changing In Lake Tahoe, And That Could Help Firefighters
- Bachelor Nation's Kaitlyn Bristowe Recalls Feeling Used Toward End of Shawn Booth Relationship
Recommendation
Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
Record-Breaking Flooding In China Has Left Over One Million People Displaced
Karol G Accuses Magazine of Photoshopping Her Face and Body
Shop 15 Ways To Strut Your Stuff for National Walking Day
California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
Putin delivers first speech since Wagner revolt, thanks Russians for defending fate of the Fatherland
Climate Change In California Is Threatening The World's Top Almond Producer
Gas Prices Unlikely To Skyrocket As Oil Companies Assess Hurricane Ida Damage