Current:Home > FinanceSenate 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:2025-04-20 19:26:41
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! (622)
Related
- From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
- Why are the Iowa caucuses so important? What to know about today's high-stakes vote
- Archeologists uncover lost valley of ancient cities in the Amazon rainforest
- Jared Goff leads Lions to first playoff win in 32 years, 24-23 over Matthew Stafford and the Rams
- Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
- Taylor Swift braves subzero temps to support Chiefs in playoff game against Dolphins
- Coco Gauff criticizes USTA's 'Wild Thornberrys' post for making stars look 'hideous'
- Texas jeweler and dog killed in targeted hit involving son, daughter-in-law
- A South Texas lawmaker’s 15
- Former high-ranking Philadelphia police commander to be reinstated after arbitrator’s ruling
Ranking
- Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
- Packers vs. Cowboys highlights: How Green Bay rolled to stunning beatdown over Dallas
- Texas physically barred Border Patrol agents from trying to rescue migrants who drowned, federal officials say
- 'The Honeymooners' actor Joyce Randolph dies at 99
- Nevada attorney general revives 2020 fake electors case
- Jim Harbaugh to interview for Los Angeles Chargers' coaching vacancy this week
- Fake 911 report of fire at the White House triggers emergency response while Biden is at Camp David
- With 'Origin,' Ava DuVernay illuminates America's racial caste system
Recommendation
Woman dies after Singapore family of 3 gets into accident in Taiwan
Indonesia evacuates about 6,500 people on the island of Flores after a volcano spews clouds of ash
First Uranium Mines to Dig in the US in Eight Years Begin Operations Near Grand Canyon
Former chairman of state-owned bank China Everbright Group arrested over suspected corruption
Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
Phoenix police shoot, run over man they mistake for domestic violence suspect
Guatemalans angered as president-elect’s inauguration delayed by wrangling in Congress
This photo shows the moment Maine’s record high tide washed away more than 100-year-old fishing shacks