Current:Home > MarketsSenate begins final push to expand Social Security benefits for millions of people -VitalEdge Finance Pro
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-13 04:15:56
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! (8)
Related
- Connie Chiume, Black Panther Actress, Dead at 72: Lupita Nyong'o and More Pay Tribute
- Black Mirror Season 7 Cast Revealed
- Where is Diddy being held? New York jail that housed R. Kelly, Ghislaine Maxwell
- Louisiana-Monroe not going to 'hold any fear' vs. Arch Manning, defensive coordinator says
- Michigan lawmaker who was arrested in June loses reelection bid in Republican primary
- Wendy Williams received small sum for 'stomach-turning' Lifetime doc, lawsuit alleges
- Judge denies effort to halt State Fair of Texas’ gun ban
- Shohei Ohtani becomes the first major league player with 50 homers, 50 stolen bases in a season
- Billy Bean was an LGBTQ advocate and one of baseball's great heroes
- Apple releases AI software for a smarter Siri on the iPhone 16
Ranking
- Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
- Kentucky judge shot at courthouse, governor says
- Journalist Olivia Nuzzi Placed on Leave After Alleged Robert F. Kennedy Jr Relationship
- No decision made by appeals court in elections betting case
- How breaking emerged from battles in the burning Bronx to the Paris Olympics stage
- Zyn fan Tucker Carlson ditches brand over politics, but campaign finance shows GOP support
- Road work inspector who leaped to safety during Baltimore bridge collapse to file claim
- WNBA playoffs bracket: Final standings, seeds, matchups, first round schedule
Recommendation
Plunge Into These Olympic Artistic Swimmers’ Hair and Makeup Secrets
Zach Bryan apologizes for 'drunkenly' comparing Taylor Swift and Kanye West
Sean ‘Diddy’ Combs joins list of Hollywood stars charged with sex crimes
'The Secret Lives of Mormon Wives' is sexual, scandalous. It's not the whole story.
Messi injury update: Ankle 'better every day' but Inter Miami star yet to play Leagues Cup
Wisconsin officials ask state Supreme Court to decide if RFK Jr. stays on ballot
Utah governor says he’s optimistic Trump can unite the nation despite recent rhetoric
Mohamed Al-Fayed, late billionaire whose son died with Princess Diana, accused of rape