Current:Home > NewsSenate begins final push to expand Social Security benefits for millions of people -NextGen Capital Academy
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-13 15:20:07
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! (787)
Related
- Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
- JetBlue scraps $3.8 billion deal to buy Spirit Airlines
- JetBlue and Spirit abandon their decision to merge after it was blocked by a judge
- Credit card late fees to be capped at $8 under Biden campaign against junk fees
- The company planning a successor to Concorde makes its first supersonic test
- AI pervades everyday life with almost no oversight. States scramble to catch up
- New frescoes found in ash of Pompeii 2,000 years after city wiped out by Mount Vesuvius eruption
- E! News Names Keltie Knight New Co-Host
- Nevada attorney general revives 2020 fake electors case
- Facebook, Instagram, Messenger and Threads down in widespread outage
Ranking
- Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
- 'Love is Blind' Season 6 finale: When does the last episode come out?
- Single-engine plane crashes along Tennessee highway, killing those aboard and closing lanes
- Cigarettes and cinema, an inseparable pair: Only one Oscar best-picture nominee has no smoking
- Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
- Single-engine plane crashes along Tennessee highway, killing those aboard and closing lanes
- LA County’s progressive district attorney faces crowded field of 11 challengers in reelection bid
- California votes in its Senate primary race today. Meet the candidates vying for Dianne Feinstein's seat.
Recommendation
Taylor Swift makes surprise visit to Kansas City children’s hospital
2024 Oscar Guide: International Feature
'Real horsepower': See video of runaway horses galloping down Ohio highway
'The Voice': John Legend is ‘really disappointed’ after past contestant chooses Dan + Shay
Current, future North Carolina governor’s challenge of power
Ted Lasso's Brendan Hunt and Fiancée Shannon Nelson Welcome Baby No. 2
5 die in fiery small plane crash off Nashville interstate
New satellite will 'name and shame' large-scale polluters, by tracking methane gas emissions