Current:Home > reviewsSenate begins final push to expand Social Security benefits for millions of people -ClearPath Finance
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-15 13:21:21
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! (881)
Related
- New Zealand official reverses visa refusal for US conservative influencer Candace Owens
- AP Week in Pictures: Latin America and Caribbean
- Stock market today: Global stocks track Wall Street gains and Japan’s inflation slows
- Your call is very important to us. Is it, really?
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- EU, AU, US say Sudan war and Somalia’s tension with Ethiopia threaten Horn of Africa’s stability
- Guatemala’s new government makes extortion its top security priority
- Man arrested in series of New York City stabbings, police say
- Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
- An Israeli preemptive strike against Hezbollah was averted early in the Gaza war, top official says
Ranking
- 'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
- Swatting calls target more than a dozen public officials since Christmas. One says, This is an assassination attempt.
- Defense Department to again target ‘forever chemicals’ contamination near Michigan military base
- In this Oklahoma town, almost everyone knows someone who's been sued by the hospital
- What polling shows about Minnesota Gov. Tim Walz, Harris’ new running mate
- Taylor Swift, Jelly Roll, 21 Savage, SZA nab most nominations for iHeartRadio Music Awards
- Atlanta Opera will update Puccini’s ‘La Bohéme’ for the coronavirus pandemic
- 'Teen Mom 2' star Kailyn Lowry had twins, she reveals on new podcast
Recommendation
FBI: California woman brought sword, whip and other weapons into Capitol during Jan. 6 riot
Midwife who gave 1,500 kids homeopathic pellets instead of vaccines put lives in jeopardy, New York health officials say
The March for Life rallies against abortion with an eye toward the November elections
Could China beat the US back to the moon? Congress puts pressure on NASA after Artemis delayed
'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
Madonna sued over late concert start time
March for Life 2024: Anti-abortion advocates plan protest in nation's capital
Man sentenced to life plus 30 years in 2018 California spa bombing that killed his ex-girlfriend