Current:Home > MySenate begins final push to expand Social Security benefits for millions of people -NextFrontier Finance
Senate begins final push to expand Social Security benefits for millions of people
Ethermac Exchange View
Date:2025-04-08 02:25:40
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! (2)
Related
- Illinois Gov. Pritzker calls for sheriff to resign after Sonya Massey shooting
- Disappointed Vanessa Hudgens Slams Paparazzi Over Photos of Her With Newborn Baby
- Shark attack on South Padre Island, Texas leaves 2 injured, 2 others report encounters
- Kevin Bacon recalls wearing a disguise in public: 'This sucks'
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- What to look for in the U.S. government's June jobs report
- Vanessa Hudgens gives birth to first baby with husband Cole Tucker: 'Happy and healthy'
- How to talk to your kids about climate anxiety, according to an environmental educator
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- One dies after explosion at Arkansas defense weapons plant
Ranking
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Hurricane Beryl live updates: Storm makes landfall again in Mexico. Is Texas next?
- 8 wounded at mass shooting in Chicago after Fourth of July celebration
- Football fireworks: Five NFL teams that could be more explosive in 2024
- Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
- Paris Olympics could use alternate site for marathon swimming if Seine unsafe
- Frances Tiafoe pushes Carlos Alcaraz to brink before falling in five sets
- 2 dead and 9 injured after truck strikes group celebrating July 4 in Manhattan park
Recommendation
New Zealand official reverses visa refusal for US conservative influencer Candace Owens
2024 Tour de France Stage 7 results, standings: Remco Evenepoel wins time trial
Jill Ellis responds to abuse allegations against her, San Diego Wave
Judge says Nashville school shooter’s writings can’t be released as victims’ families have copyright
Louisiana high court temporarily removes Judge Eboni Johnson Rose from Baton Rouge bench amid probe
Boil water advisory issued for all of D.C., Arlington County due to algae blooms
How aging veterans are treated like family at medical foster homes
Jennifer Lopez Shares Glimpse at Fourth of July Weekend With 16-Year-Old Emme