Current:Home > FinanceSenate begins final push to expand Social Security benefits for millions of people -Infinite Edge Capital
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-14 04:07:23
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! (73)
Related
- Most popular books of the week: See what topped USA TODAY's bestselling books list
- Indiana Fever's Caitlin Clark says she hopes the Pacers beat the Bucks in 2024 NBA playoffs
- Cardi B Details NSFW Way She Plans to Gain Weight After Getting Too Skinny
- Mail carriers face growing threats of violence amid wave of robberies
- North Carolina justices rule for restaurants in COVID
- South Carolina Republicans reject 2018 Democratic governor nominee’s bid to be judge
- Dawn Staley shares Beyoncé letter to South Carolina basketball after national championship
- Sydney Sweeney responds to acting criticism from film producer Carol Baum: 'That’s shameful'
- Retirement planning: 3 crucial moves everyone should make before 2025
- Trump trial jury selection process follows a familiar pattern with an unpredictable outcome
Ranking
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
- Takeaways from AP’s story on the BP oil spill medical settlement’s shortcomings
- Vermont farms are still recovering from flooding as they enter the growing season
- O.J. Simpson was chilling on the couch drinking beer, watching TV 2 weeks before he died, lawyer says
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- Stand Up for Eminem's Daughter Hailie Jade Partying on Bachelorette Trip to Florida Before Her Wedding
- What to know about the jurors in Trump's hush money trial in New York
- Kate Beckinsale wears 'tummy troubles survivor' shirt after mysterious hospitalization
Recommendation
Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
IMF’s Georgieva says there’s ‘plenty to worry about’ despite recovery for many economies
US to pay $100 million to survivors of Nassar's abuse. FBI waited months to investigate
The Rokh x H&M Collection Is Here, and Its Avant-Garde Modifiable Pieces Are Wearable High Fashion
Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
Columbia University president testifies about antisemitism on college campuses
Plumbing repairs lead to startling discovery of century-old treasure hidden inside Michigan home
Alabama lawmakers reject bill to require release of police body camera video