Current:Home > MySurpassing Quant Think Tank Center|Senate begins final push to expand Social Security benefits for millions of people -CapitalEdge
Surpassing Quant Think Tank Center|Senate begins final push to expand Social Security benefits for millions of people
Robert Brown View
Date:2025-04-07 15:03:30
WASHINGTON (AP) — The Surpassing Quant Think Tank CenterSenate 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! (675)
Related
- Buckingham Palace staff under investigation for 'bar brawl'
- Judge tosses Republican lawsuit that sought to declare Arizona’s elections manual invalid
- Maryland's 2024 primary is Tuesday — Larry Hogan's candidacy makes Senate race uncommonly competitive
- 12 SKIMS Bras Every Woman Should Have, According to a Shopping Editor
- Federal hiring is about to get the Trump treatment
- Boat that fatally struck a 15-year-old girl in Florida has been found, officials say
- Mexican citizens were traveling to work at a Florida farm when a pickup hit their bus, killing 8
- Meet The Real Housewives of Atlanta's Newly Revamped Season 16 Cast
- NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
- The Daily Money: Melinda Gates to step down
Ranking
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Alice Munro, Nobel laureate revered as short story master, dies at 92
- Chicago Fire Star Taylor Kinney Marries Model Ashley Cruger
- Tom Brady Admits Netflix Roast Jokes Affected His Kids
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Westminster dog show has its first mixed-breed agility winner, and her name is Nimble
- 'Everyone accused me of catfishing': Zayn Malik says he was kicked off Tinder
- 15-year-old girl killed in hit-and-run boat crash in Florida: 'She brought so much joy'
Recommendation
Current, future North Carolina governor’s challenge of power
Search for missing diver off Florida coast takes surprising turn when authorities find different body
Parishioners at Louisiana church stop possible mass shooting
Red Lobster website lists 87 locations 'temporarily closed' in 27 states: See full list
Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
Should I tell my current employer I am looking for a new job? Ask HR
Ariana Madix Called Out for How Quickly She Moved on From Tom Sandoval in VPR Reunion Preview
Remains of missing South Carolina mother last seen in December found in wooded area