Current:Home > ScamsSenate begins final push to expand Social Security benefits for millions of people -Balance Wealth Academy
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-13 08:45:58
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! (35597)
Related
- Questlove charts 50 years of SNL musical hits (and misses)
- The Daily Money: Inflation eases in April
- The Daily Money: Inflation eases in April
- The Netherlands veers sharply to the right with a new government dominated by party of Geert Wilders
- Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
- Driver killed after tank depressurizes at Phoenix semiconductor facility that’s under construction
- Struggling Blue Jays aren't alone in MLB's brutal offensive landscape – but 'it still sucks'
- Army will present Purple Heart to Minnesota veteran 73 years after he was wounded in Korean War
- Travis Hunter, the 2
- California’s water tunnel to cost $20 billion. State officials say the benefits are worth it
Ranking
- The Super Bowl could end in a 'three
- Giddy Up for Miranda Lambert and Husband Brendan McLoughlin's Matching 2024 ACM Awards Looks
- Chargers schedule release video takes jab at Harrison Butker after kicker's comments on women
- Review: Proudly bizarre 'I Saw the TV Glow will boggle your mind – and that's the point
- Travis Hunter, the 2
- Jurors see gold bars in Bob Menendez bribery trial
- Yemen’s Houthi rebels acknowledge attacking a US destroyer that shot down missile in the Red Sea
- Putin focuses on trade and cultural exchanges in Harbin, China, after reaffirming ties with Xi
Recommendation
Former Syrian official arrested in California who oversaw prison charged with torture
Blinken promises Ukraine help is very much on the way amid brutal Russian onslaught in northeast
The Alchemy Is Palpable Between Taylor Swift and Travis Kelce on Vacation in Lake Como
They survived Maui's deadly wildfires. Now many are suffering from food insecurity and deteriorating health.
EU countries double down on a halt to Syrian asylum claims but will not yet send people back
Ex-Michigan State coach Mel Tucker wins court fight over release of text messages
Shaken by the Fico assassination attempt, the EU wonders if June elections can be free of violence
Lawyer for family of slain US Air Force airman says video and calls show deputy went to wrong home