Current:Home > FinanceSenate 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:2025-04-14 16:22:53
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! (15797)
Related
- Travis Hunter, the 2
- 2 people walk away after a small plane crashes at a Denver-area golf course
- How Taylor Swift Surpassed Beyoncé’s MTV VMAs Record
- Today Only! Old Navy Leggings & Biker Shorts Are Just $6 & Come in Tons of Colors, Stock Up Now
- Grammy nominee Teddy Swims on love, growth and embracing change
- Jordan Chiles gifted bronze clock by Flavor Flav at MTV Video Music Awards
- From Chinese to Italians and beyond, maligning a culture via its foods is a longtime American habit
- Today Only! Old Navy Leggings & Biker Shorts Are Just $6 & Come in Tons of Colors, Stock Up Now
- Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
- Jordan Chiles says 'heart was broken' by medals debacle at Paris Olympics
Ranking
- Bill Belichick's salary at North Carolina: School releases football coach's contract details
- Warm oceans strengthened Hurricane Francine and could power more Fall storms
- Dutch adopt US war graves to harbor memories of the country’s liberation 80 years ago
- Webcam captures its own fiery demise from spread of Airport Fire: See timelapse footage
- The White House is cracking down on overdraft fees
- Laura Loomer, who promoted a 9/11 conspiracy theory, joins Trump for ceremonies marking the attacks
- Jon Bon Jovi helps talk woman down from ledge on Nashville bridge
- Where did the Mega Millions hit last night? Winning $810 million ticket purchased in Texas
Recommendation
Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
Coach Outlet Bags & Wallets Under $100—Starting at $26, Up to 75% Off! Shop Top Deals on Bestsellers Now
Fed official broke ethics rules but didn’t violate insider trading laws, probe finds
2024 MTV VMAs: How Nicky Hilton’s Kids Fangirl Over Aunt Paris Hilton
Most popular books of the week: See what topped USA TODAY's bestselling books list
Army soldier charged with assaulting police officer with a flagpole during Capitol riot
North Carolina lawmakers approve more voucher funds and order sheriffs to aid federal agents
Brutally honest reviews of every VMAs performer, including Chappell Roan and Katy Perry