Current:Home > StocksSenate begins final push to expand Social Security benefits for millions of people -Visionary Wealth Guides
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-18 15:50:00
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! (8648)
Related
- Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
- Arnold Schwarzenegger has one main guiding principle: 'Be Useful'
- Troopers who fatally shot 'Cop City' protester near Atlanta won't face charges
- Donald Trump’s lawyers seek to halt civil fraud trial and block ruling disrupting real estate empire
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- Simone Biles' good-luck charm: Decade-old gift adds sweet serendipity to gymnastics worlds
- Jason Derulo Deeply Offended by Defamatory Claims in Emaza Gibson's Sexual Harassment Lawsuit
- A modest Buddhist ceremony marks the anniversary of a day care center massacre in Thailand
- Trump wants to turn the clock on daylight saving time
- Police bodycam video shows arrest of suspect in 1996 killing of Tupac Shakur
Ranking
- Bodycam footage shows high
- Desert Bats Face the Growing, Twin Threats of White-Nose Syndrome and Wind Turbines
- Human remains improperly stored at funeral home with environmentally friendly burials
- 'Brooklyn Crime Novel' explores relationships among the borough's cultures and races
- Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
- Changes coming after Arlington National Cemetery suspends use of horses due to health concerns
- A Russian missile attack in eastern Ukraine kills a 10-year-old boy, a day after a rocket killed 51
- Guatemala’s highest court says prosecutors can suspend president-elect’s party
Recommendation
Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
The Best Holiday Beauty Gift Sets of 2023: Dyson, Rare Beauty, Olaplex & More
Woman arrested after gunshots fired in Connecticut police station. Bulletproof glass stopped them
Kosovo-Serbia tension threatens the Balkan path to EU integration, the German foreign minister warns
Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
Biden says a meeting with Xi on sidelines of November APEC summit in San Francisco is a possibility
Desert Bats Face the Growing, Twin Threats of White-Nose Syndrome and Wind Turbines
Drake's new album 'For All the Dogs' has arrived: See the track list, cover art by son Adonis