Current:Home > StocksSenate begins final push to expand Social Security benefits for millions of people -WealthFlow Academy
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-19 06:36:02
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! (64839)
Related
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- No leggings, no crop tops: North Carolina restaurant's dress code has the internet talking
- NASA is looking for social media influencers to document an upcoming launch
- Power outages could last weeks in affluent SoCal city plagued by landslides
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- Rembrandt 'Portrait of a Girl' found in Maine attic sells for record $1.4 million
- 'Survivor' Season 47 cast: Meet the 18 new castaways hoping to win $1 million in Fiji
- New Sonya Massey video shows officer offering help hours before fatal shooting
- Grammy nominee Teddy Swims on love, growth and embracing change
- Footage of motorcade racing JFK to the hospital after he was shot is set to go to auction
Ranking
- Moving abroad can be expensive: These 5 countries will 'pay' you to move there
- Terrence Howard Shares How He’s Helping Daughters Launch Hollywood Careers
- Wildlife trafficking ring killed at least 118 eagles, prosecutors say
- Judge dismisses sexual assault lawsuit against ex-NFL kicker Brandon McManus and the Jaguars for now
- Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
- The Justice Department is investigating sexual abuse allegations at California women’s prisons
- The Daily Money: A Labor Day strike
- John Stamos Reveals Why He Was Kicked Out of a Scientology Church
Recommendation
The company planning a successor to Concorde makes its first supersonic test
Blue Jackets players, GM try to make sense of tragedy after deaths of Johnny and Matthew Gaudreau
Hoda Kotb Celebrates Her Daughters’ First Day of School With Adorable Video
North Carolina public school students inch higher in test scores
Most popular books of the week: See what topped USA TODAY's bestselling books list
A Florida county’s plan to turn a historic ship into the world’s largest artificial reef hits a snag
Chargers QB Justin Herbert one of NFL’s best leaders? Jim Harbaugh thinks so
First and 10: How FSU became FIU, Travis Hunter's NFL future and a Big Red moment