Current:Home > ScamsSenate 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:2025-04-24 20:54:58
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! (125)
Related
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
- Has Washington won a national championship in football? History of the Huskies explained.
- Keke Palmer Says She’s “Never Been So Happy” in Her Life Despite Darius Jackson Drama
- Survivors are found in homes smashed by Japan quake that killed 94 people. Dozens are still missing
- B.A. Parker is learning the banjo
- President of Belarus gives himself immunity from prosecution and limits potential challengers
- Family whose son died in accidental shooting fights to change gun safety laws
- New year, new clothes: expert advice to how to start a gentleman's wardrobe
- Current, future North Carolina governor’s challenge of power
- Fire at home of Dolphins' star Tyreek Hill was accidental. Fire marshal reveals cause
Ranking
- A White House order claims to end 'censorship.' What does that mean?
- Stock market today: Global shares mostly slip, while oil prices advance
- Kia EV9, Toyota Prius and Ford Super Duty pickup win 2024 North American SUV, car and truck awards
- Georgia deputy killed after being hit by police car during chase
- Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
- Families in Gaza search desperately for food and water, wait in long lines for aid
- After exit of Claudine Gay, Bill Ackman paints bull's-eye on diversity programs
- Ailing, 53-year-old female elephant euthanized at Los Angeles Zoo
Recommendation
Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
Gunman dead after multiple people shot at Perry High School in Iowa: Live updates
A judge in Oregon refuses to dismiss a 2015 climate lawsuit filed by youth
Students march in Prague to honor the victims of the worst mass killing in Czech history
Trump's 'stop
Jets QB Aaron Rodgers reaches new low with grudge-filled attack on Jimmy Kimmel
Jeffrey Epstein contact names released by court. Here are key takeaways from the unsealed documents.
Why Pregnant Kailyn Lowry Is Considering Ozempic After She Gives Birth to Twins