Current:Home > ScamsSenate begins final push to expand Social Security benefits for millions of people -Wealth Evolution Experts
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-11 18:40:46
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! (692)
Related
- Global Warming Set the Stage for Los Angeles Fires
- Flooding leaves Rapidan Dam in Minnesota in 'imminent failure condition': What to know
- Magic Johnson: Caitlin Clark, Angel Reese 'remind me a lot of Larry Bird and me'
- Rapper Julio Foolio Dead at 26 After Shooting at His Birthday Celebration
- McConnell absent from Senate on Thursday as he recovers from fall in Capitol
- What to know about Team USA bringing AC units to Paris Olympics
- Chipotle stock split takes effect Tuesday. Here's how it will affect investors
- Morgan Wallen Hit in the Face With Fan’s Thong During Concert
- Biden administration makes final diplomatic push for stability across a turbulent Mideast
- Jury expected to begin deliberations in NFL ‘Sunday Ticket’ trial on Wednesday
Ranking
- $73.5M beach replenishment project starts in January at Jersey Shore
- Boebert faces first election Tuesday since switching districts and the vaping scandal
- Infant mortality rate rose following Texas abortion ban, study shows
- Alabama Family to Add Wrongful Death Claim Against Mine Operator in Lawsuit Over Home Explosion
- Tree trimmer dead after getting caught in wood chipper at Florida town hall
- Utah primaries test Trump’s pull in a state that has half-heartedly embraced him
- WikiLeaks founder Julian Assange will plead guilty in deal with US and return to Australia
- Caitlin Clark wins 2024 Honda Cup Award, adding another accolade from Iowa
Recommendation
Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
Young track star Quincy Wilson, 16, gets historic chance to go to the Olympics
Who are America’s Top Online shops? Here is a list of the top-ranking companies.
As more Texans struggle with housing costs, homeownership becoming less attainable
EU countries double down on a halt to Syrian asylum claims but will not yet send people back
West Virginia University to increase tuition about 5% and cut some programs
Netanyahu reiterates claim about U.S. withholding weapon shipments as Democrats grapple with attending his Congress address
$2 million bail set for man charged with trying to drown 2 children at Connecticut beach