Current:Home > ScamsSenate begins final push to expand Social Security benefits for millions of people -ProsperityStream Academy
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-18 23:59:34
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! (4488)
Related
- Skins Game to make return to Thanksgiving week with a modern look
- Dead baby found in trash can outside University of Tampa dorm, mom in hospital: Police
- Mexican man wins case against Cartier after buying $13,000 earrings online for $13
- 'I like to move it': Zebras escape trailer, gallop on Washington highway: Watch video
- 'We're reborn!' Gazans express joy at returning home to north
- Jax Taylor and Brittany Cartwright Reveal Very Different Takes on Their Relationship Status
- Stock market today: Asian shares mostly rise to start a week full of earnings, Fed meeting
- FCC fines Verizon, AT&T other major carriers nearly $200 million for sharing customer data
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Tesla’s stock leaps on reports of Chinese approval for the company’s driving software
Ranking
- NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
- Death of Frank Tyson, Ohio man who told police 'I can't breathe' has echoes of George Floyd
- The Valley: Jax Taylor Weighs in on Kristen Doute Accusing Michelle Lally of Having Affair
- California’s population grew in 2023, halting 3 years of decline
- Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
- San Diego Zoo will receive two new giant pandas from China after nearly all pandas in U.S. were returned
- How countries are using innovative technology to preserve ocean life
- Securing Fund Safety, Managing Trading Risks: The Safety Strategy of GaxEx
Recommendation
Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
Horoscopes Today, April 29, 2024
Iconic arch that served as Iditarod finish line collapses in Alaska. Wood rot is likely the culprit
Psst! Everything at J.Crew Factory Is 50% off Right Now, Including Hundreds of Cute Springtime Finds
See you latte: Starbucks plans to cut 30% of its menu
Mike Tyson-Jake Paul bout set for eight rounds, sanctioned as pro fight for July 20
Family of Ralph Yarl files lawsuit against Andrew Lester, homeowners association after 2023 shooting
Oklahoma City Thunder advance in NBA playoffs for first time since 2016