Current:Home > MarketsSenate begins final push to expand Social Security benefits for millions of people -WealthRoots Academy
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-12 04:47:24
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! (8)
Related
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
- Kyle Richards Swears This Holiday Candle Is the Best Scent Ever and She Uses It All Year
- Today Reveals Hoda Kotb's Replacement
- Outgoing North Carolina governor grants 2 pardons, 6 commutations
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- Today Reveals Hoda Kotb's Replacement
- Today Reveals Hoda Kotb's Replacement
- Will Aaron Rodgers retire? Jets QB tells reporters he plans to play in 2025
- See you latte: Starbucks plans to cut 30% of its menu
- Nelly will not face charges after St. Louis casino arrest for drug possession
Ranking
- Senate begins final push to expand Social Security benefits for millions of people
- What Republicans are saying about Matt Gaetz’s nomination for attorney general
- Today's Craig Melvin Replacing Hoda Kotb: Everything to Know About the Beloved Anchor
- Manhattan rooftop fire sends plumes of dark smoke into skyline
- Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
- Ford agrees to pay up to $165 million penalty to US government for moving too slowly on recalls
- Reese Witherspoon's Daughter Ava Phillippe Introduces Adorable New Family Member
- New York races to revive Manhattan tolls intended to fight traffic before Trump can block them
Recommendation
Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
Dramatic video shows Phoenix police rescue, pull man from car submerged in pool: Watch
Ex-Phoenix Suns employee files racial discrimination, retaliation lawsuit against the team
New York races to revive Manhattan tolls intended to fight traffic before Trump can block them
What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
Black, red or dead: How Omaha became a hub for black squirrel scholarship
4 arrested in California car insurance scam: 'Clearly a human in a bear suit'
Dozens indicted over NYC gang warfare that led to the deaths of four bystanders