Current:Home > StocksSenate begins final push to expand Social Security benefits for millions of people -VitalWealth Strategies
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-16 22:33:02
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! (15185)
Related
- Tony Hawk drops in on Paris skateboarding and pushes for more styles of sport in LA 2028
- Five orphaned bobcat kittens have found a home with a Colorado wildlife center
- Why We Will See More Devastating Floods Like The Ones In Kentucky
- In Oklahoma, former Republican Joy Hofmeister will face Gov. Kevin Stitt in November
- Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
- Opinion: Life hacks from India on how to stay cool (without an air conditioner)
- Get an Instant Cheek Lift and Save $23 on the Viral Tarte Cosmetics Blush Tape and Glow Tape Duo
- Drought is driving elephants closer to people. The consequences can be deadly
- Immigration issues sorted, Guatemala runner Luis Grijalva can now focus solely on sports
- Why We Will See More Devastating Floods Like The Ones In Kentucky
Ranking
- Organizers cancel Taylor Swift concerts in Vienna over fears of an attack
- Restock Alert: The Ordinary’s Glycolic Acid 7% Toning Solution
- How Vanessa Hudgens Knew Cole Tucker Was the One to Marry
- California will ban sales of new gasoline-powered cars by 2035
- Report: Lauri Markkanen signs 5-year, $238 million extension with Utah Jazz
- Heat waves, remote work, iPhones
- Drake Bell Made Suicidal Statements Before Disappearance: Police Report
- The drought across Europe is drying up rivers, killing fish and shriveling crops
Recommendation
Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
The flooding in Yellowstone reveals forecast flaws as climate warms
The Amazon, the Colorado River and a price on nature
Sarah Ferguson Is Not Invited to King Charles III's Coronation
Family of explorer who died in the Titan sub implosion seeks $50M-plus in wrongful death lawsuit
How people, pets and infrastructure can respond to extreme heat
Mary Peltola, the first Alaska Native heading to Congress, journeys home to the river
California is poised to phase out sales of new gas-powered cars