Current:Home > reviewsSenate begins final push to expand Social Security benefits for millions of people -Elevate Capital Network
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-13 03:20:44
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! (13271)
Related
- New Zealand official reverses visa refusal for US conservative influencer Candace Owens
- U.N. Security Council schedules a vote on a resolution urging humanitarian pauses, corridors in Gaza
- Personal attacks and death threats: Inside the fight to shape opinion about the Gaza war
- Pakistan and IMF reach preliminary deal for releasing $700 million from $3B bailout fund
- 2024 Olympics: Gymnast Ana Barbosu Taking Social Media Break After Scoring Controversy
- Travis Scott Reflects on Devastating Astroworld Tragedy
- Tribe in Oklahoma sues city of Tulsa for continuing to ticket Native American drivers
- NFL Week 11 odds: Moneylines, point spreads, over/under
- 2024 Olympics: Gymnast Ana Barbosu Taking Social Media Break After Scoring Controversy
- Emboldened by success in other red states, effort launched to protect abortion rights in Nebraska
Ranking
- RFK Jr. grilled again about moving to California while listing New York address on ballot petition
- Personal attacks and death threats: Inside the fight to shape opinion about the Gaza war
- Kevin Hart honored with Mark Twain Prize for lifetime achievement: It 'feels surreal'
- New protests in Greece over Roma youth’s fatal shooting by police following car chase
- Meta releases AI model to enhance Metaverse experience
- Israel and Switzerland draw 1-1 in Euro 2024 qualifying game in Hungary
- Everything to know about Starbucks Red Cup Day 2023: How to get a free cup; strike news
- Blake Snell wins NL Cy Young Award, 7th pitcher to take home prize in both leagues
Recommendation
Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
Rwandan doctor Sosthene Munyemana on trial in France, accused of organizing torture, killings in 1994 genocide
It’s not yet summer in Brazil, but a dangerous heat wave is sweeping the country
Las Vegas student died after high school brawl over headphones and vape pen, police say
Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
Caitlyn Jenner Recalls Convincing Robert Kardashian to Divorce Kris Jenner Over Private Dinner
The Masked Singer: Former NBA Superstar Unveiled as Cuddle Monster
Father of July 4th parade shooting suspect turns himself in to begin jail sentence