Current:Home > MarketsSenate 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:2025-04-17 11:16:49
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! (92)
Related
- Don't let hackers fool you with a 'scam
- New SAVE student loan plan will drive down payments for many: Here's how it works
- Company asks judge to block Alabama medical marijuana licenses
- Illnois will provide burial for migrant toddler who died on bus
- Trump's 'stop
- Hurricanes cause vast majority of storm deaths in vulnerable communities
- Patrick Hamilton, ex-AP and Reuters photographer who covered Central American wars, dies at 74
- England vs. Australia live updates: How 2 late goals sent Lionesses to World Cup final
- Former longtime South Carolina congressman John Spratt dies at 82
- The Taliban believe their rule is open-ended and don’t plan to lift the ban on female education
Ranking
- Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
- Maui wildfire death toll climbs to 106 as grim search continues
- Watch the delightful moment this mama pig and her piglets touch grass for the first time
- 'The Blind Side' subject Michael Oher's blockbuster lawsuit against Tuohy family explained
- Military service academies see drop in reported sexual assaults after alarming surge
- Maui animal shelter housing pets whose owners lost their homes to deadly fires
- Families of migrants killed in detention center fire to receive $8 million each, government says
- Should governments be blamed for climate change? How one lawsuit could change US policies
Recommendation
Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
People's Choice Country Awards 2023 Nominees: See the Complete List
Teen Mom Star Jenelle Evans’ Son Jace Found After Running Away
Appeals court upholds FDA's 2000 approval of abortion pill, but would allow some limits
Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
A headless body. Victims bludgeoned to death: Notorious mass murderer escapes death penalty
Aldi to buy 400 Winn-Dixie, Harveys groceries in Southern US
Cole Sprouse Details Death Threats, Nasty, Honestly Criminal Stuff He's Received Amid Riverdale