Current:Home > MySenate begins final push to expand Social Security benefits for millions of people -Wealth Empowerment Academy
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-15 13:26:39
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! (262)
Related
- Police remove gator from pool in North Carolina town: Watch video of 'arrest'
- Crafts retailer Joann files for Chapter 11 bankruptcy as consumers cut back on pandemic-era hobbies
- Alaska lawmakers fail to override the governor’s education package veto
- A second man charged for stealing Judy Garland's 'Wizard of Oz' ruby slippers in 2005
- Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
- Brenda Song says fiancé Macaulay Culkin helps her feel 'so confident'
- Women's NCAA Tournament 2024: Full schedule, times, how to watch all March Madness games
- Sports Illustrated gets new life, publishing deal takes effect immediately
- From bitter rivals to Olympic teammates, how Lebron and Steph Curry became friends
- Can an assist bring Sports Illustrated back to full strength? Here's some of the mag's iconic covers
Ranking
- Carolinas bracing for second landfall from Tropical Storm Debby: Live updates
- Indiana Gov. Eric Holcomb signs proclamation condemning antisemitism while vetoing bill defining it
- Missouri mom charged after 4-year-old daughter found dead from drug overdose, police say
- Iowa agrees to speed up access to civil court cases as part of lawsuit settlement
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Protecting abortion rights in states hangs in the balance of national election strategies
- Country Music Hall of Fame: Toby Keith, James Burton, John Anderson are the 2024 inductees
- Trump’s lawyers say it is impossible for him to post bond covering $454 million civil fraud judgment
Recommendation
Kentucky Gov. Andy Beshear ready to campaign for Harris-Walz after losing out for spot on the ticket
Ariana Grande and Dalton Gomez are officially divorced
Why Travis Kelce's Kansas City Chiefs Teammate Hopes He and Taylor Swift Start a Family
Kentucky Senate proposes conditions for providing funds for the state’s Office of Medical Cannabis
US appeals court rejects Nasdaq’s diversity rules for company boards
5 simple tips and predictions will set up your NCAA tournament bracket for March Madness
Garrison Brown’s Close Friend Calls for Sister Wives To Be Canceled After His Death
U.S. weighing options in Africa after Niger junta orders departure from key counterterrorism base