Current:Home > NewsSenate begins final push to expand Social Security benefits for millions of people -ProgressCapital
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-17 23:29:07
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! (4152)
Related
- Messi injury update: Ankle 'better every day' but Inter Miami star yet to play Leagues Cup
- Orioles send Jackson Holliday, MLB's No. 1 prospect, to minor leagues
- DC attorney general argues NHL’s Capitals, NBA’s Wizards must play in Washington through 2047
- Lawmakers who passed a bill to lure nuclear energy to Kentucky say coal is still king
- Drones warned New York City residents about storm flooding. The Spanish translation was no bueno
- This week on Sunday Morning (March 24)
- Cameron Diaz and Benji Madden Welcome Baby No. 2
- Why Mauricio Umansky Doesn't Want to Ask Kyle Richards About Morgan Wade
- JoJo Siwa reflects on Candace Cameron Bure feud: 'If I saw her, I would not say hi'
- Elevate Your Spring Wardrobe For Less With These Can't-Miss Fashion Deals From Amazon's Big Spring Sale
Ranking
- Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
- 'Ozempic babies' are surprising women taking weight loss drugs. Doctors think they know why.
- King Charles III Shares Support for Kate Middleton Amid Their Respective Cancer Diagnoses
- Men's March Madness live updates: JMU upsets Wisconsin; TCU-Utah State battling
- The Daily Money: Spending more on holiday travel?
- Why Mauricio Umansky Doesn't Want to Ask Kyle Richards About Morgan Wade
- Princess Kate diagnosed with cancer; King Charles III, Harry and Meghan react: Live updates
- Almost 60, Lenny Kravitz talks workouts, new music and why he's 'never felt more vibrant'
Recommendation
Taylor Swift Cancels Austria Concerts After Confirmation of Planned Terrorist Attack
Polyamory is attracting more and more practitioners. Why? | The Excerpt
Infant's death leaves entire family killed in San Francisco bus stop crash; driver arrested
Jackpots: A look at the top 10 Mega Millions, Powerball winners of all time
Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
Inmate seriously injured in a hit-and-run soon after his escape from a Hawaii jail
MLB investigating allegations involving Shohei Ohtani, interpreter Ippei Mizuhari
California governor, celebrities and activists launch campaign to protect law limiting oil wells