Current:Home > StocksSenate begins final push to expand Social Security benefits for millions of people -Infinite Profit Zone
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-18 05:38:13
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! (714)
Related
- Meta donates $1 million to Trump’s inauguration fund
- More than 150 bats found inside Utah high school as students returned from summer break
- Hollywood writers strike impact reaches all the way to Nashville's storied music scene
- Ukraine breaches Russia's defenses to retake Robotyne as counteroffensive pushes painstakingly forward
- Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
- Duke Energy braces for power outages ahead of Hurricane Idalia
- Travis Barker Honors DJ AM on 14th Anniversary of His Death
- Millie Bobby Brown Recalls Quickly Realizing Fiancé Jake Bongiovi Was the One
- Stamford Road collision sends motorcyclist flying; driver arrested
- U.S. fines American Airlines for dozens of long tarmac delays
Ranking
- Nevada attorney general revives 2020 fake electors case
- Student loan repayments are set to resume. Here's what to know.
- DeSantis booed at vigil for Jacksonville shooting victims
- Native nations on front lines of climate change share knowledge and find support at intensive camps
- Bodycam footage shows high
- Russia says Wagner leader Yevgeny Prigozhin's death confirmed in plane crash after genetic testing
- How Bradley Cooper and Irina Shayk's Enviably Friendly Parenting Arrangement Really Works
- Case against Robert Crimo Jr., father of Highland Park parade shooting suspect, can go forward, judge rules
Recommendation
Small twin
Peter Navarro says Trump asserted privilege over testimony during Jan. 6 committee investigation
Taylor Swift Jokes About Kanye West Interruption During Eras Tour
Leon Panetta on the fate of Wagner leader Yevgeny Prigozhin: If you cross Putin, the likelihood is you're going to die
Sam Taylor
NASA says supersonic passenger aircraft could get you from NYC to London in less than 2 hours
Subway has been sold for billions in one of the biggest fast food acquisitions ever
Nikki Garcia and Artem Chigvintsev Celebrate First Wedding Anniversary in the Sweetest Way