Current:Home > ContactSenate begins final push to expand Social Security benefits for millions of people -CapitalTrack
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-16 07:51:54
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! (2)
Related
- Tom Holland's New Venture Revealed
- Judge says Trump’s lawyers can’t force NBC to turn over materials related to ‘Stormy’ documentary
- Lawmakers criticize a big pay raise for themselves before passing a big spending bill
- Hyper-sexual zombie cicadas that are infected with sexually transmitted fungus expected to emerge this year
- Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
- EPA head Regan defends $20B green bank: ‘I feel really good about this program’
- EPA head Regan defends $20B green bank: ‘I feel really good about this program’
- American families of hostages in Gaza say they don’t have time for ‘progress’ in cease-fire talks
- The 401(k) millionaires club keeps growing. We'll tell you how to join.
- World Central Kitchen boss José Andrés accuses Israel of direct attack on Gaza aid convoy
Ranking
- Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
- Final Four bold predictions: How the men's semifinals of March Madness will unfold
- LeBron's son Bronny James will enter NBA Draft, NCAA transfer portal after year at USC
- Wild video of car trapped in building confuses the internet. It’s a 'Chicago Fire' scene.
- Trump's 'stop
- The Black Keys ditch insecurities and enlist Beck, Noel Gallagher, hip-hop on new album
- LGBTQ+ foster youths could expect different experiences as Tennessee and Colorado pass opposing laws
- Oatzempic craze: Should you try the oat drink for weight loss? Experts weigh in.
Recommendation
'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
How strong is a 4.8 earthquake? Quake magnitudes explained.
How are earthquakes measured? Get the details on magnitude scales and how today's event stacks up
Biden visits site of Baltimore bridge collapse
'Most Whopper
Your streaming is about to cost more: Spotify price hike is on the way says Bloomberg
Judge appoints special master to oversee California federal women’s prison after rampant abuse
Earthquake snarls air and train travel in the New York City area