Current:Home > FinanceSenate 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:2025-04-12 23:09:03
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! (411)
Related
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Firefighters douse a blaze at a historic Oregon hotel famously featured in ‘The Shining’
- Seeking ‘the right side of history,’ Speaker Mike Johnson risks his job to deliver aid to Ukraine
- How do I apply for Social Security for the first time?
- Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
- San Jose Sharks have best NHL draft lottery odds after historically bad season
- Taylor Swift Surprises Fans With Double Album Drop of The Tortured Poets Department
- Tennessee teacher arrested after bringing guns to preschool, threatening co-worker, police say
- Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
- The EPA is again allowing summer sales of higher ethanol gasoline blend, citing global conflicts
Ranking
- Trump's 'stop
- The EPA is again allowing summer sales of higher ethanol gasoline blend, citing global conflicts
- Proud Boys group leader sentenced to over 5 years in prison for attacking police during Capitol riot
- Untangling Taylor Swift’s Heartbreaking Goodbye to Joe Alwyn in “So Long, London”
- McConnell absent from Senate on Thursday as he recovers from fall in Capitol
- Man dies in fire under Atlantic City pier near homeless encampment
- Taylor Swift’s Tortured Poets Department: Who Is Clara Bow?
- Dubai airport operations ramp back up as flooding from UAE's heaviest rains ever recorded lingers on roads
Recommendation
DoorDash steps up driver ID checks after traffic safety complaints
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, No Resolution
Best lines from each of Taylor Swift's 'Tortured Poets Department' songs, Pt. 1 & 2
A convicted rapist is charged with murder in the killing of a Connecticut visiting nurse
Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
Taylor Swift shocker: New album, The Tortured Poets Department, is actually a double album
Tyler Cameron Cancels Golden Bachelor's Gerry Turner and Theresa Nist After Their Split
Taylor Swift's collab with Florence + The Machine 'Florida!!!' is 'one hell of a drug'