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
SignalHub Quantitative Think Tank Center View
Date:2025-04-10 11:18:34
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! (8997)
Related
- Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
- Save up to $250 on the new Samsung Galaxy Watch 6 at Best Buy
- As death toll from Maui fire reaches 89, authorities say effort to count the losses is just starting
- 3-year-old riding one of Texas’ migrant buses dies on the way to Chicago, officials say
- DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
- A cherished weekend flea market in the Ukrainian capital survives despite war
- How 'Yo! MTV Raps' helped mainstream hip-hop
- Alabama riverfront brawl videos spark a cultural moment about race, solidarity and justice
- San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
- Sioux Falls police officer was justified in shooting burglary suspect, attorney general says
Ranking
- Global Warming Set the Stage for Los Angeles Fires
- Why Candace Cameron Bure’s Daughter Natasha Is No Longer “Showing More Skin” on Social Media
- Death toll on Maui climbs to 80, as questions over island's emergency response grow
- The Samsung Galaxy Tab S9 is here—save up to $650 and get a free cover at Best Buy
- Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
- Beyoncé, Taylor Swift fans have boosted Uber demand as both artists tour across the U.S.
- Pottery Barn Put Thousands of Items on Sale: Here Are the Best Deals as Low as $6
- Lawsuit targets Wisconsin legislative districts resembling Swiss cheese
Recommendation
Meet first time Grammy nominee Charley Crockett
Robbie Robertson, guitarist for The Band, dies at age 80
Baltimore Orioles announcer Kevin Brown breaks silence on suspension controversy
Q&A: Kelsea Ballerini on her divorce EP and people throwing things at concerts
Intel's stock did something it hasn't done since 2022
Kansas court’s reversal of a kidnapping conviction prompts a call for a new legal rule
Police conduct 'chilling' raid of Kansas newspaper, publisher's home seizing computers, phones
'I was being a dad': Embattled school leader's heated exchange with reporter caps disastrous week