Current:Home > reviewsSenate begins final push to expand Social Security benefits for millions of people -ProfitQuest Academy
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-13 21:27:46
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! (9)
Related
- The company planning a successor to Concorde makes its first supersonic test
- Cartoonist Roz Chast to be honored at the Brooklyn Book Festival, which runs from Sept. 22-30
- Massachusetts bill would require businesses to disclose salary range when posting a job
- Inmate van escape trial starts for Tennessee man facing sexual assault allegations
- Why members of two of EPA's influential science advisory committees were let go
- Nebraska governor issues a proclamation for a special session to address property taxes
- Hiker falls to death during storm on Yosemite’s iconic Half Dome
- Review: 'Time Bandits' reboot with Lisa Kudrow is full of tired jokes
- Federal hiring is about to get the Trump treatment
- With ‘flat’ wedding rates, Vegas officials and chapels want more couples to say ‘I do’
Ranking
- Pressure on a veteran and senator shows what’s next for those who oppose Trump
- Christina Hall's Ex Josh Hall Returns to Social Media After Divorce Filing
- Strike at plant that makes truck seats forces production stoppage for Missouri General Motors
- William & Mary expands new climate-focused major, deepens coastal research with $100 million gift
- $73.5M beach replenishment project starts in January at Jersey Shore
- Former University of Florida president will return on an interim basis after Ben Sasse’s resignation
- Records show deputy charged in Sonya Massey’s fatal shooting worked for 6 agencies in 4 years
- Biotech company’s CEO pleads guilty in Mississippi welfare fraud case
Recommendation
Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
Who is Charlotte Dujardin? Olympic champion admits 'error in judgement'
Los Angeles Zoo sets record with 17 California condor chicks hatched in 2024
Iowa judge lifts injunction blocking state's 6-week abortion ban
Tom Holland's New Venture Revealed
Puerto Rico bans discrimination against those who wear Afros and other hairstyles on diverse island
Lowe's 'releasing the kraken' with Halloween 2024 'Haunted Harbor' collection
Matthew and Camila McConaughey go pantless again to promote tequila brand