Current:Home > reviewsSenate begins final push to expand Social Security benefits for millions of people -TradeCircle
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-26 18:35:35
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! (62)
Related
- Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
- Antisemitism runs rampant in Philadelphia schools, Jewish group alleges in civil rights complaint
- Bangladesh's top court scales back government jobs quota after deadly unrest
- Simone Biles' husband, Jonathan Owens, will get to watch Olympics team, all-around final
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- Florida’s only historically Black university names interim president
- Data shows hurricanes and earthquakes grab headlines but inland counties top disaster list
- Kamala Harris is preparing to lead Democrats in 2024. There are lessons from her 2020 bid
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- In Washington state, Inslee’s final months aimed at staving off repeal of landmark climate law
Ranking
- Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
- Police chief shot dead days after activist, wife and daughter killed in Mexico
- Paris Olympics: LeBron James to Serve as Flagbearer for Team USA at Opening Ceremony
- Police kill armed man outside of New Hampshire home after standoff, authorities say
- Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
- Google reneges on plan to remove third-party cookies in Chrome
- Man convicted of kidnapping Michigan store manager to steal guns gets 15 years in prison
- Florida’s population passes 23 million for the first time due to residents moving from other states
Recommendation
Tree trimmer dead after getting caught in wood chipper at Florida town hall
Man convicted of kidnapping Michigan store manager to steal guns gets 15 years in prison
Abdul 'Duke' Fakir, last surviving member of Motown group Four Tops, dies at 88
'The Sopranos' star Drea de Matteo says teen son helps her edit OnlyFans content
John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
July is Disability Pride Month. Here's what you should know.
Darren Walker, president of Ford Foundation, will step down by the end of 2025
To Help Stop Malaria’s Spread, CDC Researchers Create a Test to Find a Mosquito That Is Flourishing Thanks to Climate Change