Current:Home > reviewsSenate begins final push to expand Social Security benefits for millions of people -Streamline Finance
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-27 22:23:36
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! (33127)
Related
- Immigration issues sorted, Guatemala runner Luis Grijalva can now focus solely on sports
- Krispy Kreme introduces special supermoon doughnut for one-day only: How to get yours
- Arizona counties won’t be forced to do citizenship checks before the election, a judge rules
- Liam Payne was a prolific One Direction songwriter as well as singer: His best songs
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- Most overpaid college football coaches include two from SEC. Who are they?
- Opinion: No. 1 Texas football here to devour Georgia, even if Kirby Smart anointed king
- Video shows rescuer lowered into 14-foot hole in Florida to rescue trapped dog
- Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
- Some coaches may get surprise if they reach College Football Playoff. And not a good one.
Ranking
- Clay Aiken's son Parker, 15, makes his TV debut, looks like his father's twin
- Cynthia Erivo blasts 'deeply hurtful' fan-made 'Wicked' movie poster: 'It degrades me'
- The Victoria's Secret Fashion Show returns: How to watch the runway
- The son of a South Carolina inmate urges the governor to save his father from execution
- Meta releases AI model to enhance Metaverse experience
- When does 'Fabulous Lives vs. Bollywood Wives' come out? Season 3 release date, cast
- Michelle Obama will headline an Atlanta rally aimed at boosting voter turnout
- Supporting Children's Education: Mark's Path of Philanthropy
Recommendation
EU countries double down on a halt to Syrian asylum claims but will not yet send people back
JD Vance quips that Donald Trump will 'stop' rumored Skyline Chili ice cream flavor
Sam Smith Kisses Boyfriend Christian Cowan During New York Date
Abortion isn’t on the ballot in California, but state candidates can’t stop talking about it
Blake Lively’s Inner Circle Shares Rare Insight on Her Life as a Mom to 4 Kids
Liam Payne was a prolific One Direction songwriter as well as singer: His best songs
Los Angeles Archdiocese agrees to pay $880 million to settle sexual abuse claims
Mississippi bridge collapse in Simpson County during demolition leaves 3 dead, 4 injured