Current:Home > InvestSenate begins final push to expand Social Security benefits for millions of people -ProfitMasters Hub
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-17 00:08:37
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! (982)
Related
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- Prosecutors seek Jan. 2 trial date for Donald Trump in his 2020 election conspiracy case
- Some ‘Obamacare’ plans could see big rate hikes after lawmakers fail to agree on reinsurance program
- Map, satellite images show where Hawaii fires burned throughout Lahaina, Maui
- John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
- Biden asks Congress for more than $13 billion in emergency defense aid for Ukraine
- U.S. nurse Alix Dorsainvil and daughter released after kidnap in Haiti, Christian group says
- US probing Virginia fatal crash involving Tesla suspected of running on automated driving system
- Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
- Iraq bans the word homosexual on all media platforms and offers an alternative
Ranking
- McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
- 7 Amazon device deals on Amazon Fire Sticks, Ring doorbells and Eero Wi-Fi routers
- Virgin Galactic launches its first space tourist flight, stepping up commercial operations
- Dog finds woman in cornfield, 2 days after she disappeared in Michigan crash
- Trump issues order to ban transgender troops from serving openly in the military
- Kenosha police arrested a Black man at Applebee’s. The actual suspects were in the bathroom
- 17-year-old suspect in the New York stabbing of a dancer is indicted on a hate-crime murder charge
- Wisconsin judge allows civil case against fake Trump electors to proceed
Recommendation
NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
Maui fires death toll rises, Biden asks Congress for more Ukraine aid: 5 Things podcast
Fashion Nova shoppers to get refunds after settlement: How to file a claim
Phil Mickelson has wagered more than $1 billion, according to book by renowned gambler Billy Walters
Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
Atlantic hurricane season is now predicted to be above-normal this year, NOAA says
A dancer's killing — over voguing — highlights the dangers Black LGBTQ Americans face
To the moon and back: Astronauts get 1st look at Artemis II craft ahead of lunar mission