Current:Home > StocksSenate begins final push to expand Social Security benefits for millions of people -EliteFunds
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-16 15:47:47
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! (21)
Related
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Daniel Radcliffe Reveals Sex of His and Erin Darke’s First Baby
- Shop These American-Made Brands This 4th of July Weekend from KitchenAid to Glossier
- A Republican Leads in the Oregon Governor’s Race, Taking Aim at the State’s Progressive Climate Policies
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- When the Power Goes Out, Who Suffers? Climate Epidemiologists Are Now Trying to Figure That Out
- Elon Musk threatens to reassign @NPR on Twitter to 'another company'
- Proponents Say Storing Captured Carbon Underground Is Safe, But States Are Transferring Long-Term Liability for Such Projects to the Public
- Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
- Today’s Al Roker Is a Grandpa, Daughter Courtney Welcomes First Baby With Wesley Laga
Ranking
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- FERC Says it Will Consider Greenhouse Gas Emissions and ‘Environmental Justice’ Impacts in Approving New Natural Gas Pipelines
- Sinkholes Attributed to Gas Drilling Underline the Stakes in Pennsylvania’s Governor’s Race
- Warming Trends: A Possible Link Between Miscarriages and Heat, Trash-Eating Polar Bears and a More Hopeful Work of Speculative Climate Fiction
- California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
- An Unprecedented Heat Wave in India and Pakistan Is Putting the Lives of More Than a Billion People at Risk
- 2 states launch an investigation of the NFL over gender discrimination and harassment
- An African American Community in Florida Blocked Two Proposed Solar Farms. Then the Florida Legislature Stepped In.
Recommendation
Tom Holland's New Venture Revealed
Rediscovered Reports From 19th-Century Environmental Volunteers Advance the Research of Today’s Citizen Scientists in New York
Want your hotel room cleaned every day? Hotel housekeepers hope you say yes
Should EPA Back-Off Pollution Controls to Help LNG Exports Replace Russian Gas in Germany?
Highlights from Trump’s interview with Time magazine
A new film explains how the smartphone market slipped through BlackBerry's hands
Misery Wrought by Hurricane Ian Focuses Attention on Climate Records of Florida Candidates for Governor
In An Unusual Step, a Top Medical Journal Weighs in on Climate Change