Current:Home > ContactSenate begins final push to expand Social Security benefits for millions of people -MoneyStream
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-16 00:06:48
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! (2)
Related
- Could your smelly farts help science?
- LA to pay more than $38M for failing to make affordable housing accessible
- In 'Yellowstone' First Look Week, Rip and Beth take center stage (exclusive photo)
- Like other red states, Louisiana governor announces policy aiming to prevent noncitizens from voting
- McConnell absent from Senate on Thursday as he recovers from fall in Capitol
- Judge in Texas orders pause on Biden program that offers legal status to spouses of US citizens
- Lizzo Reveals She’s Taking a “Gap Year” After Previous Comments About Quitting
- How much does the American Dream cost after historically high inflation?
- At site of suspected mass killings, Syrians recall horrors, hope for answers
- 10 most surprising roster cuts as NFL teams cut down to 53-man rosters
Ranking
- In ‘Nickel Boys,’ striving for a new way to see
- Bachelorette Jenn Tran Slams One of Her Suitors for His “Blatant Disrespect” to the Other Men
- US consumer confidence rises in August as Americans’ optimism about future improves
- The Daily Money: Will new real estate rules hurt Black buyers?
- New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
- A ban on outdoor burning is set in 7 Mississippi counties during dry conditions
- LA to pay more than $38M for failing to make affordable housing accessible
- You practice good hygiene. So why do you still smell bad?
Recommendation
Intellectuals vs. The Internet
Who Is Kick Kennedy? Everything to Know About the Actress Linked to Ben Affleck
Horoscopes Today, August 26, 2024
1000-Lb. Sisters' Tammy Slaton Claps Back on Reason She Shares So Many Selfies Amid Weight Loss
The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
Body of Utah man who fell from houseboat recovered from Lake Powell
Man dies on river trip at Grand Canyon; 5th fatality in less than a month
Rent remains a pain point for small businesses even as overall inflation cools off