Current:Home > ContactSenate 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
PredictIQ Quantitative Think Tank Center View
Date:2025-04-06 12:36:09
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! (52526)
Related
- Louvre will undergo expansion and restoration project, Macron says
- Small plane with 1 aboard crashes into a Massachusetts river
- 'Modern Family' stars reunite in WhatsApp ad discussing blue vs. green text bubble users
- Nationwide to drop about 100,000 pet insurance policies
- Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
- Victims’ advocate Miriam Shehane dies at age 91
- Armed man who demanded to see Wisconsin governor pleads guilty to misdemeanor
- New York’s top court declines to hear Trump’s appeal of gag order in hush money case
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- When did Elvis Presley buy Graceland? What to know about the Tennessee property
Ranking
- San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
- Boeing’s CEO is scheduled to field questions about plane safety from U.S. senators
- From backyard lawns to airport fields, 11-year-old turns lawn mowing dreams into reality
- Former GOP Rep. George Nethercutt, who defeated House Speaker Tom Foley in 1994, dies at 79
- House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
- Chipotle's stock split almost here: Time to buy now before it happens?
- Colorado Supreme Court to hear arguments in transgender cake case
- What's open and closed on Juneteenth 2024? Details on Costco, Walmart, Starbucks, Target, more
Recommendation
Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
That cool Tony Awards moment when Jay-Z joined Alicia Keys? Turns out it wasn’t live
Montana canal siphon splits open, flooding area and threatening local farming industry
Historic SS United States is ordered out of its berth in Philadelphia. Can it find new shores?
Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
Pro-Palestinian encampment cleared from Cal State LA, days after building takeover
Should solo moms celebrate Father's Day? These parents weigh in on the social media debate
What College World Series games are on Tuesday? Two teams will be eliminated