Current:Home > ScamsSenate begins final push to expand Social Security benefits for millions of people -FinanceCore
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-18 01:17:49
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! (8494)
Related
- Former Syrian official arrested in California who oversaw prison charged with torture
- CBS News poll analysis: Some Democrats don't want Biden to run again. Why not?
- Retail sales up 0.3% in November, showing how Americans continue to spend
- The last residents of a coastal Mexican town destroyed by climate change
- Travis Hunter, the 2
- Hunter Biden defies a GOP congressional subpoena. ‘He just got into more trouble,’ Rep. Comer says
- American Girl doll live-action movie in the works with Mattel following 'Barbie' success
- Madonna Celebration Tour: See the setlist for her iconic career-spanning show
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- Here's How You Can Score Free Shipping on EVERYTHING During Free Shipping Day 2023
Ranking
- 'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
- Guyana and Venezuela leaders meet face-to-face as region pushes to defuse territorial dispute
- Whoopi Goldberg receives standing ovation from 'The Color Purple' cast on 'The View': Watch
- A FedEx Christmas shipping deadline is today. Here are some other key dates to keep in mind.
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- Federal prosecutors to retry ex-Louisville police officer in Breonna Taylor civil rights case
- US Marine killed, 14 injured at Camp Pendleton after amphibious vehicle rolls over
- Turkish minister says Somalia president’s son will return to face trial over fatal highway crash
Recommendation
Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
Bucks, Pacers have confrontation over game ball after Giannis Antetokounmpo scores 64
Powerball winning numbers for Wednesday night's drawing with $535 million jackpot
Jonathan Majors' text messages, audio recordings to ex-girlfriend unsealed in assault trial: Reports
Senate begins final push to expand Social Security benefits for millions of people
Justin Herbert is out for the season: Here's every quarterback with a season-ending injury
Albanian opposition disrupts parliament as migration deal with Italy taken off the agenda
Federal Reserve leaves interest rate unchanged, but hints at cuts for 2024