Current:Home > StocksSenate begins final push to expand Social Security benefits for millions of people -Wealth Axis Pro
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-14 08:28:11
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! (5656)
Related
- Questlove charts 50 years of SNL musical hits (and misses)
- How 'superworms' could help solve the trash crisis
- Netflix Apologizes After Love Is Blind Live Reunion Is Delayed
- Camila Cabello and Ex Shawn Mendes Spotted Kissing During Coachella Reunion
- Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
- Floods are getting more common. Do you know your risk?
- India begins to ban single-use plastics including cups and straws
- The U.K. gets ready for travel disruptions as temperatures may hit 104 F
- DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
- A cataclysmic flood is coming for California. Climate change makes it more likely.
Ranking
- Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
- Gisele Bündchen Shares Message About Growth After Tom Brady Divorce
- How climate change drives inland floods
- The Arctic is heating up nearly four times faster than the whole planet, study finds
- Meta donates $1 million to Trump’s inauguration fund
- Why even environmentalists are supporting nuclear power today
- Renewable energy is maligned by misinformation. It's a distraction, experts say
- Data centers, backbone of the digital economy, face water scarcity and climate risk
Recommendation
Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
Your Ultimate Guide to Finding the Best Sunscreen, According to a Dermatologist
People who want to visit the world's tallest living tree now risk a $5,000 fine
Parts of the U.S. and Europe are bracing for some of their hottest temperatures yet
Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
Authorities search for grizzly bear that attacked woman near Yellowstone National Park
Jordan Fisher Recalls His Battle With an Eating Disorder During Wife Ellie's Pregnancy
Olivia Culpo’s Guide to Coachella: Tips and Tricks To Make the Most of Festival Season