Current:Home > NewsSenate begins final push to expand Social Security benefits for millions of people -AlphaFinance Experts
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-16 19:58:55
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! (77747)
Related
- Illinois Gov. Pritzker calls for sheriff to resign after Sonya Massey shooting
- Mardi Gras and Carnival celebrations fill the streets — see the most spectacular costumes of 2024
- Rachel Dolezal fired from Arizona teaching job due to OnlyFans account
- Retail sales fall 0.8% in January from December as shoppers pause after strong holiday season
- Taylor Swift makes surprise visit to Kansas City children’s hospital
- The 'food' you see on-screen often isn't real food. Not so, in 'The Taste of Things'
- Jason Kelce tells Travis he 'crossed the line' on the Andy Reid bump during Super Bowl
- Caitlin Clark is on the cusp of the NCAA women’s scoring record. She gets a chance to do it at home
- Golf's No. 1 Nelly Korda looking to regain her form – and her spot on the Olympic podium
- New Mexico’s Democrat-led House rejects proposal for paid family and medical leave
Ranking
- New Zealand official reverses visa refusal for US conservative influencer Candace Owens
- A Battery Company CEO on the ‘Massive’ Effect of the Inflation Reduction Act
- Sabrina Carpenter and Saltburn Actor Barry Keoghan Confirm Romance With Date Night Pics
- Kelly Link's debut novel 'The Book of Love' is magical, confusing, heartfelt, strange
- Meet 11-year-old skateboarder Zheng Haohao, the youngest Olympian competing in Paris
- One Dead, Multiple Injured in Shooting at Kansas City Super Bowl Parade
- A dinosaur-like snapping turtle named Fluffy found in U.K. thousands of miles from native U.S. home
- Pacers and Indianapolis use 3-year delay to add new wrinkles to 1st NBA All-Star weekend since 1985
Recommendation
Drones warned New York City residents about storm flooding. The Spanish translation was no bueno
William Post, who played a key role in developing Pop-Tarts, dies at 96
Eerie underwater video shows ship that went down with its captain in Lake Superior in 1940: A mysterious story
U.S. sanctions Iran Central Bank subsidiary for U.S. tech procurement and violating export rules
NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
Power outages hit Boston transit system during morning rush hour, stranding thousands
Warning signs mounted before Texas shooter entered church with her son, former mother-in-law says
What is Alaskapox? Recent death brings attention to virus seen in small animals