Current:Home > MarketsSenate 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:2025-04-14 18:53:14
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! (1851)
Related
- New Zealand official reverses visa refusal for US conservative influencer Candace Owens
- Ohio city orders apartment building evacuation after deadly blast at neighboring site
- US opts for experience and versatility on Olympic women’s basketball roster, passes on Caitlin Clark
- Key new features coming to Apple’s iOS18 this fall
- 'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
- Joe Jonas Enjoys Beach Day in Greece With Actress Laila Abdallah After Stormi Bree Breakup
- Georgia Gov. Brian Kemp journeys to South Korea in sixth overseas trip
- Jurors will resume deliberations in federal gun case against President Joe Biden’s son Hunter
- The Daily Money: Spending more on holiday travel?
- Halle Berry's Wardrobe Malfunction Causes Multiple Nip Slips
Ranking
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Missouri set to execute David Hosier for murder of former lover. Here's what to know
- Minneapolis police officer killed while responding to a shooting call is remembered as a hero
- Man holding a burning gas can charges at police and is fatally shot by a deputy, authorities say
- Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
- Monday is the last day to sign up for $2 million Panera settlement: See if you qualify
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Moleskin
- Carlos Alcaraz beats Alexander Zverev in 5 sets to win first French Open title
Recommendation
Trump's 'stop
Jennifer Aniston launches children’s book series with best ‘friend’ Clydeo the dog
Republicans seek to unseat Democrat in Maine district rocked by Lewiston shooting
Republicans seek to unseat Democrat in Maine district rocked by Lewiston shooting
Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
Boeing Starliner's return delayed: Here's when the astronauts might come back to Earth
Adult entertainment industry sues again over law requiring pornographic sites to verify users’ ages
Ryan Reynolds makes surprise appearance on 'The View' with his mom — in the audience