Current:Home > FinanceSenate begins final push to expand Social Security benefits for millions of people -TradeBridge
Senate begins final push to expand Social Security benefits for millions of people
Ethermac View
Date:2025-04-08 01:43:44
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! (6472)
Related
- Former longtime South Carolina congressman John Spratt dies at 82
- Disney Alum Skai Jackson Arrested for Misdemeanor Spousal Battery After Alleged Fight
- Young Thug racketeering and gang trial resumes with new judge presiding
- Jordan Chiles medal inquiry: USA Gymnastics says arbitration panel won’t reconsider decision
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- Remembering comedic genius Robin Williams with son Zak | The Excerpt
- Sur La Table Flash Sale: $430 Le Creuset Dutch Oven For $278 & More 65% Off Kitchen Deals Starting at $7
- Don’t Miss Target’s Home Sale: Enjoy Up to 50% off Including a Keurig for $49 & More Deals Starting at $4
- Nevada attorney general revives 2020 fake electors case
- I’m an Expert SKIMS Shopper and I Predict These Styles Will Sell out This Month
Ranking
- The 401(k) millionaires club keeps growing. We'll tell you how to join.
- Massachusetts fugitive wanted for 1989 rapes arrested after 90-minute chase through LA
- Rihanna and A$AP Rocky's Baby Boy Riot Rose Makes Rare Appearance in Cute Video
- Which cars won't make it to 2025? Roundup of discontinued models
- What to watch: O Jolie night
- Fans go off on Grayson Allen's NBA 2K25 rating
- Diaper Bag Essentials Checklist: Here Are the Must-Have Products I Can't Live Without
- The Latest: Harris begins policy rollout; material from Trump campaign leaked to news outlets
Recommendation
Pressure on a veteran and senator shows what’s next for those who oppose Trump
Duke, a 'boring' Las Vegas dog returned for napping too much, has new foster home
LL Flooring files bankruptcy, will close 94 stores. Here's where they are.
Millions of campaign dollars aimed at tilting school voucher battle are flowing into state races
Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
Drone video captures aftermath of home explosion that left 2 dead in Bel Air, Maryland
Los Angeles earthquake follows cluster of California temblors: 'Almost don't believe it'
NYC man charged with hate crime after police say he yelled ‘Free Palestine’ and stabbed a Jewish man