Current:Home > reviewsSenate 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 22:34:37
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! (76)
Related
- Global Warming Set the Stage for Los Angeles Fires
- The Best Deals You Can Still Shop After October Prime Day 2024
- J. Cole explains exit from Kendrick Lamar, Drake beef in 'Port Antonio'
- Meet TikToker Lt. Dan: The Man Riding Out Hurricane Milton on His Boat
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Smartwatch shootout: New Apple Series 10, Pixel 3 and Samsung Galaxy 7 jockey for position
- Want to lower your cholesterol? Adding lentils to your diet could help.
- Boost Your Forex Trading Success with Forex Broker Reviews (reviews-broker.com)
- The company planning a successor to Concorde makes its first supersonic test
- A former Arkansas deputy is sentenced for a charge stemming from a violent arrest caught on video
Ranking
- Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
- New Orleans Saints to start rookie QB Spencer Rattler in place of injured Derek Carr
- Kate Spade Outlet’s Sale Includes Muppets Crossbodies, Shimmery Bags & More Starting at $23
- TikTok star now charged with murder in therapists' death: 'A violent physical altercation'
- Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
- Fantasy football injury report Week 6: Latest on Malik Nabers, Joe Mixon, A.J. Brown, more
- Youngest NFL coaches 2024: Mike Macdonald replaces Sean McVay atop list
- Want to lower your cholesterol? Adding lentils to your diet could help.
Recommendation
From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
Photos show aftermath after Hurricane Milton tears path of damage through Florida
More than 2 million without power as Hurricane Milton slams Florida, causes deaths and flooding
When will Malik Nabers return? Latest injury updates on Giants WR
Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
Justin Timberlake cancels show in New Jersey after suffering unknown injury
Big Ten clash between Ohio State and Oregon leads college football Week 7 predictions for Top 25 games
Pharrell, Lewis Hamilton and A$AP Rocky headline Met Gala 2025 co-chairs