Current:Home > ScamsSenate begins final push to expand Social Security benefits for millions of people -Wealth Evolution Experts
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-14 06:09:44
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! (95694)
Related
- Meta releases AI model to enhance Metaverse experience
- How many points did Caitlin Clark score today? Fever fall to record-setting A'ja Wilson, Aces
- Garland says he won’t let the Justice Department be used as a political weapon
- CLIMATE GLIMPSE: Wildfires plague U.S. West and Brazil, Yagi rampages in Vietnam
- The company planning a successor to Concorde makes its first supersonic test
- Debate was an ‘eye opener’ in suburban Philadelphia and Harris got a closer look
- Fantasy football running back rankings for Week 2: What can Barkley do for an encore?
- More women had their tubes tied after Roe v. Wade was overturned
- Toyota to invest $922 million to build a new paint facility at its Kentucky complex
- Reggie Bush was at his LA-area home when 3 male suspects attempted to break in
Ranking
- As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
- 2024 VMAs: Miranda Lambert Gives Glimpse Inside Delicious Romance With Husband Brendan McLoughlin
- Northern lights may be visible in 17 states: Where to see forecasted auroras in the US
- 2024 VMAs Red Carpet: Taylor Swift's Bondage-Inspired Look Is Giving Reputation Vibes
- Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
- Madison LeCroy Says Your Makeup Will Last Until Dawn With This Setting Spray, Even if You Jump in a Lake
- Amazon drops 2024 'Toys We Love' list for early holiday shoppers
- Shohei Ohtani inches closer to 50-50 milestone with home run, steal in Dodgers win
Recommendation
US appeals court rejects Nasdaq’s diversity rules for company boards
Horoscopes Today, September 11, 2024
Kate Moss’ Sister Lottie Moss Hospitalized After Ozempic Overdose
Taylor Swift endorsed Kamala Harris. Donald Trump says he prefers Brittany Mahomes. Why?
Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
A Colorado man is charged with arson in a wildfire that destroyed 26 homes
Trump wouldn’t say whether he’d veto a national ban even as abortion remains a top election issue
University of Mississippi official and her husband are indicted on animal cruelty charges