Current:Home > ContactSenate begins final push to expand Social Security benefits for millions of people -Aspire Money Growth
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-19 04:17:42
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! (18475)
Related
- Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
- Trump is appealing a narrow gag order imposed on him in his 2020 election interference case
- Kristin Cavallari Addresses Once Telling Travis Kelce I Was in Love With You
- Former Brooklyn resident sentenced to life in prison for aiding Islamic State group as sniper
- Stamford Road collision sends motorcyclist flying; driver arrested
- Despite Biden administration 'junk' fee crackdown, ATM fees are higher than ever
- Kristin Cavallari Addresses Once Telling Travis Kelce I Was in Love With You
- Nintendo shows off a surreal masterpiece in 'Super Mario Bros. Wonder'
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Las Vegas police officer gets 12 years in prison for casino robberies netting $165,000
Ranking
- Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
- Musk's X to charge users in Philippines and New Zealand $1 to use platform
- A UNC student group gives away naloxone amid campus overdoses
- Kansas agency investigated girl’s family 5 times before she was killed, a report shows
- As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
- RHOC's Shannon Beador Speaks Out One Month After Arrest for DUI, Hit-and-Run
- Bike riding in middle school may boost mental health, study finds
- Will Smith Shares Official Statement After Jada Pinkett Smith's Revelations—But It's Not What You Think
Recommendation
Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
Taco Bell is the quickest fast-food drive-thru experience, study finds. Here's where the others rank.
Biden to visit Israel Wednesday in show of support after Hamas attack, Blinken announces
Injuries from e-bikes and e-scooters spiked again last year, CPSC finds
DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
Martin Scorsese's Killers of the Flower Moon: A true story of love and evil
What’s changed — and what hasn’t — a year after Mississippi capital’s water crisis?
Death Grips reportedly quits show after being hit by glowsticks: 'Bands are not robots'