Current:Home > reviewsSenate 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
View
Date:2025-04-26 07:32:31
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! (433)
Related
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Jimmy and Rosalynn Carter captured on kiss cam at Atlanta Braves and Hawks games
- Kesha changes Sean 'Diddy' Combs reference in 'Tik Tok' lyric after Cassie's abuse lawsuit
- Hollywood’s feast and famine before Thanksgiving, as ‘Hunger Games’ prequel tops box office
- Trump invites nearly all federal workers to quit now, get paid through September
- Carlton Pearson, founder of Oklahoma megachurch who supported gay rights, dies at age 70
- Shakira to appear in Barcelona court on the first day of her tax fraud trial in Spain
- 'Fargo' Season 5: See premiere date, cast, trailer as FX series makes long-awaited return
- Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon
- 5 common family challenges around the holidays and how to navigate them, according to therapists
Ranking
- Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
- China welcomes Arab and Muslim foreign ministers for talks on ending the war in Gaza
- Looming volcano eruption in Iceland leaves evacuated small town in limbo: The lava is under our house
- Jared Leto Responds to Suggestion He Looks Like Scott Disick
- Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
- Shakira reaches a deal with Spanish prosecutors on the first day of tax fraud trial
- Looming volcano eruption in Iceland leaves evacuated small town in limbo: The lava is under our house
- Jared Leto Responds to Suggestion He Looks Like Scott Disick
Recommendation
Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
China welcomes Arab and Muslim foreign ministers for talks on ending the war in Gaza
Graham Mertz injury update: Florida QB suffers collarbone fracture against Missouri
2024 NFL draft first-round order: Carolina Panthers continue to do Chicago Bears a favor
What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
Looming volcano eruption in Iceland leaves evacuated small town in limbo: The lava is under our house
College football Week 12 winners and losers: Georgia dominates, USC ends with flop
What is the healthiest chocolate? How milk, dark and white stack up.