Current:Home > StocksSenate begins final push to expand Social Security benefits for millions of people -TradeStation
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-19 13:28:06
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! (914)
Related
- What do we know about the mysterious drones reported flying over New Jersey?
- Who Is Rebeca Andrade? Meet Simone Biles’ Biggest Competition in Gymnastics
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Green Initiatives
- Who Is Rebeca Andrade? Meet Simone Biles’ Biggest Competition in Gymnastics
- Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
- Did Katie Ledecky win? How she, Team USA finished in 4x200 free relay
- An 'asymmetrical' butt? Why Lululemon pulled its new leggings off shelves
- Exonerees call on Missouri Republican attorney general to stop fighting innocence claims
- Tree trimmer dead after getting caught in wood chipper at Florida town hall
- Illinois sheriff whose deputy shot Sonya Massey says it will take rest of his career to regain trust
Ranking
- Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
- Why Pregnant Cardi B’s Divorce From Offset Has Been a “Long Time Coming”
- Olympic boxer at center of gender eligibility controversy wins bizarre first bout
- Simone Biles edges Brazil’s Rebeca Andrade for her second Olympic all-around gymnastics title
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- Britney Spears biopic will be made by Universal with Jon M. Chu as director
- After Olympics, Turkey’s Erdogan seeks unity with Pope Francis against acts that mock sacred values
- Simone Biles' 2024 Olympics Necklace Proves She's the GOAT After Gymnastics Gold Medal Win
Recommendation
Tree trimmer dead after getting caught in wood chipper at Florida town hall
2024 Olympics: How Brazilian Gymnast Flavia Saraiva Bounced Back After Eye Injury
8 states have sales tax holidays coming up. When is yours?
USA Women's Basketball vs. Belgium live updates: TV, time and more from Olympics
'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
Facebook parent Meta forecasts upbeat Q3 revenue after strong quarter
Former CNN anchor Don Lemon sues Elon Musk over canceled X deal: 'Dragged Don's name'
Transit officials say taxi driver drove onto tracks as train was approaching and was killed