Current:Home > NewsSenate begins final push to expand Social Security benefits for millions of people -Secure Growth Academy
Senate begins final push to expand Social Security benefits for millions of people
SignalHub View
Date:2025-04-07 01:46:39
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! (1988)
Related
- Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
- South Carolina Senate takes up ban on gender-affirming care for transgender minors
- Student protesters reach a deal with Northwestern University that sparks criticism from all sides
- More Republican states challenge new Title IX rules protecting LGBTQ+ students
- Questlove charts 50 years of SNL musical hits (and misses)
- Badass Moms. 'Short-Ass Movies.' How Netflix hooks you with catchy categories.
- A man claims he operated a food truck to get a pandemic loan. Prosecutors say he was an inmate
- Maryland approves more than $3M for a man wrongly imprisoned for murder for three decades
- The Super Bowl could end in a 'three
- Get Free IT Cosmetics Skincare & Makeup, 65% Off Good American, $400 Off iRobot & More Deals
Ranking
- Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
- Ex-NFL player Emmanuel Acho and actor Noa Tishby team up for Uncomfortable Conversations with a Jew to tackle antisemitism
- The Daily Money: Will the Fed make a move?
- Potential shooter 'neutralized' outside Wisconsin middle school Wednesday, authorities say
- Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
- Southern Charm's Madison LeCroy Says This Brightening Eye Cream Is So Good You Can Skip Concealer
- Student protests take over some campuses. At others, attention is elsewhere
- Brewers, Rays have benches-clearing brawl as Jose Siri and Abner Uribe throw punches
Recommendation
Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
Kansas has new abortion laws while Louisiana may block exceptions to its ban
Maine governor will allow one final gun safety bill, veto another in wake of Lewiston mass shootings
Kansas has new abortion laws while Louisiana may block exceptions to its ban
Trump wants to turn the clock on daylight saving time
Alabama committee advances ban on LGBTQ+ pride flags in classrooms
'Challengers' spicy scene has people buzzing about sex. That's a good thing, experts say.
Why YouTuber Aspyn Ovard and Husband Parker Ferris Are Pausing Divorce Proceedings