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
SafeX Pro Exchange View
Date:2025-04-06 17:29:00
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! (92)
Related
- Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
- NYC firefighter who collapsed in burning home likely saved by smoke inhalation drug
- Democratic South Carolina House member has law license suspended after forgery complaint
- Teen Mom's Jenelle Evans Reportedly Obtains Restraining Order Against Ex David Eason
- IOC's decision to separate speed climbing from other disciplines paying off
- Conservative activist’s son sentenced to nearly 4 years in prison for ‘relentless’ attack on Capitol
- Did a topless photo posted online lead a California IVF doctor to kill his wife?
- Missouri candidate with ties to the KKK can stay on the Republican ballot, judge rules
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Iain Armitage on emotional Young Sheldon finale and what's next in his career
Ranking
- 51-year-old Andy Macdonald puts on Tony Hawk-approved Olympic skateboard showing
- How powerful windstorms caused deaths and extensive damage across Houston
- 'I don't think that's wise': Video captures herd of bison charging tourists in Yellowstone
- Teachers criticize Newsom’s budget proposal, say it would ‘wreak havoc on funding for our schools’
- Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
- Kendall Jenner Spotted at Ex Bad Bunny's Concert Following Met Gala After-Party Reunion
- The stuff that Coppola’s dreams are made of: The director on building ‘Megalopolis’
- 'House of the Dragon' Season 2: Release date, cast, where to watch 'Game of Thrones' prequel
Recommendation
Plunge Into These Olympic Artistic Swimmers’ Hair and Makeup Secrets
The stuff that Coppola’s dreams are made of: The director on building ‘Megalopolis’
Sen. Bob Menendez's corruption trial continues with more FBI testimony about search of home
Many musicians are speaking out against AI in music. But how do consumers feel?
US auto safety agency seeks information from Tesla on fatal Cybertruck crash and fire in Texas
Alice Stewart, CNN political commentator and veteran political adviser, dies at 58
North Korea continues spate of weapons tests, firing multiple suspected short-range ballistic missiles, South says
Noncitizen voting, already illegal in federal elections, becomes a centerpiece of 2024 GOP messaging