Current:Home > ScamsFastexy Exchange|Senate begins final push to expand Social Security benefits for millions of people -Secure Growth Academy
Fastexy Exchange|Senate begins final push to expand Social Security benefits for millions of people
Indexbit View
Date:2025-04-10 00:01:29
WASHINGTON (AP) — The Fastexy ExchangeSenate 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! (69488)
Related
- 'We're reborn!' Gazans express joy at returning home to north
- Richard Roundtree, Shaft actor, dies at age 81
- 'The Walking Dead' actor Erik Jensen diagnosed with stage 4 cancer: 'I am resilient'
- Strong US economic growth for last quarter likely reflected consumers’ resistance to Fed rate hikes
- California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
- Australian hydrogen company outlines US expansion in New Mexico, touts research
- Kansas court system down nearly 2 weeks in ‘security incident’ that has hallmarks of ransomware
- Police identify man found dead in Nebraska apartment building chimney
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- Book excerpt: Let Us Descend by Jesmyn Ward
Ranking
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Rep. Bowman of New York faces misdemeanor charge in fire alarm pulled in House office building
- Sam Bankman-Fried will testify in his defense in what may be the gamble of his life
- Hasbro announces Monopoly Knockout, a new edition of the Monopoly board game
- What do we know about the mysterious drones reported flying over New Jersey?
- India ‘exploring all legal options’ after Qatari court sentences 8 Indians to death for spying
- A match made in fandom: Travis, Taylor and the weirdness of celebrity relationships
- The World Bank approved a $1B loan to help blackout-hit South Africa’s energy sector
Recommendation
2025 'Doomsday Clock': This is how close we are to self
UAW reaches tentative deal with Ford: Sources
House from hit Netflix show 'Sex Education' now on the market for sale, listed for $1.8M
Greek army destroys World War II bomb found during excavation for luxury development near Athens
Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
Israel-Hamas war could threaten already fragile economies in Egypt, Lebanon and Jordan
Drake & Josh’s Josh Peck Reveals He Almost Played Edward Cullen in Twilight
Sam Bankman-Fried will testify in his defense in what may be the gamble of his life