Current:Home > ScamsSenate begins final push to expand Social Security benefits for millions of people -WealthFocus Academy
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-14 22:47:43
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! (96896)
Related
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- T.J. Holmes and Amy Robach’s Exes Andrew Shue and Marilee Fiebig Have Rare Airport Outing
- N. Scott Momaday, Pulitzer Prize-winning 'House Made of Dawn' author, dies at 89
- Russian opposition figure Kara-Murza moved to another prison, placed in solitary confinement again
- Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
- Venezuelan opposition candidate blocked by court calls it ‘judicial criminality,’ won’t abandon race
- Toyota group plant raided in test cheating probe as automaker says it sold 11.2M vehicles in 2023
- Mango’s Sale Has All the Perfect Capsule Wardrobe Staples You Need up to 70% off Right Now
- Why members of two of EPA's influential science advisory committees were let go
- Indonesian police arrest 3 Mexicans after a Turkish tourist is wounded in an armed robbery in Bali
Ranking
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Joni Mitchell will perform at 2024 Grammys, Academy announces
- A Palestinian is killed while with a group waving a white flag. Israel says it will look into it
- UAW chief Shawn Fain explains why the union endorsed Biden over Trump
- Bodycam footage shows high
- Russian skater Kamila Valieva banned four years over doping, ending 2022 Olympic drama
- King Charles III discharged days after procedure for enlarged prostate
- Rise and shine: Japanese moon probe back to work after sun reaches its solar panels
Recommendation
Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
Why Pilot Thinks He Solved Amelia Earhart Crash Mystery
11-year-old girl hospitalized after Indiana house fire dies, bringing death toll to 6 young siblings
The IRS is launching a direct file pilot program for the 2024 tax season — here is how it will work
Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
IVF may be tax deductible, but LGTBQ+ couples less likely to get write-offs
North Carolina joins an effort to improve outcomes for freed prisoners
ICC prosecutor: There are grounds to believe Sudan’s warring sides are committing crimes in Darfur