Current:Home > reviewsSenate 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
Poinbank Exchange View
Date:2025-04-06 20:02:49
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! (84)
Related
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- Take Center Stage At Coachella & Stagecoach With These Eye-Catching Festival Makeup Picks
- Study finds racial disparities in online patient portal responses
- Tori Spelling Says She’s “Never Felt More Alone” After Filing for Divorce From Dean McDermott
- Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
- Why Shakira and Her Sons Thought Barbie Was “Emasculating”
- Cowboy Carter, Beyoncé's first country album, has arrived
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Echo Chamber
- Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
- IRS claws back money given to businesses under fraud-ridden COVID-era tax credit program
Ranking
- Small twin
- Brittany Mahomes Shares Glimpse Inside Easter Celebration With Patrick and Their 2 Kids
- Watch: Alligator marches down golf course on Florida golf course as mating season nears
- Sean “Diddy” Combs Celebrates Easter With Daughter Love in First Message After Raids
- Rylee Arnold Shares a Long
- GalaxyCoin Exchange: Deposit and Withdrawal Methods
- Brave until the end: University of Kentucky dancer Kate Kaufling dies at 20 from cancer
- Atlantic City mayor says search warrants involve ‘private family issue,’ not corruption
Recommendation
Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
Court approves 3M settlement over ‘forever chemicals’ in public drinking water systems
Freight railroads must keep 2-person crews, according to new federal rule
Bibles were 'intentionally set on fire' outside Greg Locke's church on Easter, police say
Trump invites nearly all federal workers to quit now, get paid through September
United asks pilots to take unpaid leave amid Boeing aircraft shipment delays
Hey, Gen X, Z and millennials: the great wealth transfer could go to health care, not you
Prediction: This will be Nvidia's next big move