Current:Home > ScamsSenate begins final push to expand Social Security benefits for millions of people -MarketEdge
Senate begins final push to expand Social Security benefits for millions of people
SafeX Pro View
Date:2025-04-10 11:32:52
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! (11)
Related
- The Louvre will be renovated and the 'Mona Lisa' will have her own room
- Opinion: MLB's Pete Rose ban, gambling embrace is hypocritical. It's also the right thing to do.
- Tigers ace Tarik Skubal shuts down Astros one fastball, one breath, and one howl at a time
- The Latest: Trio of crises loom over final the campaign’s final stretch
- Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
- What is the birthstone for October? Hint: There's actually two.
- How to watch 'The Daily Show' live episode after Tuesday's VP debate
- FACT FOCUS: A look at false and misleading claims during the vice presidential debate
- Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
- They came to Asheville for healing. Now, all they see is destruction.
Ranking
- Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
- Biden estimates recovery could cost billions ahead of visit to Helene-raved Carolinas
- NFL power rankings Week 5: Do surging Baltimore Ravens rocket all the way up to No. 1?
- Federal appeals court rejects Alex Murdaugh’s appeal that his 40-year theft sentence is too harsh
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
- Queen Elizabeth II Battled Bone Cancer, Former Prime Minister Boris Johnson Says
- Why Love Is Blind’s Nick Dorka Regrets Comparing Himself to Henry Cavill in Pods With Hannah Jiles
- Justice Department launches first federal review of 1921 Tulsa Race Massacre
Recommendation
The Best Stocking Stuffers Under $25
What is the birthstone for October? Hint: There's actually two.
Watch a sailor's tears at a surprise welcome home from her dad
Looking for Taylor Swift's famous red lipstick? Her makeup artist confirms the brand
Travis Hunter, the 2
New York City Mayor Eric Adams is due back in court in his criminal case
Justin Theroux Gives Shoutout to “Auntie” Jennifer Aniston in Adorable Photo
A US bomb from World War II explodes at a Japanese airport, causing a large crater in a taxiway