Current:Home > FinanceSenate 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 18:06:31
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! (3)
Related
- Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
- Kate Middleton Is Receiving Preventative Chemotherapy: Here's What That Means
- Kate Middleton Diagnosed With Cancer: Revisiting Her Health Journey
- Caitlin Clark has fan in country superstar Tim McGraw, who wore 22 jersey for Iowa concert
- What do we know about the mysterious drones reported flying over New Jersey?
- Trump's Truth Social set to go public after winning merger vote
- Her spouse has dementia like Bruce Willis. Here's her story – along with others.
- George Santos says he’ll ditch GOP, run as independent, in bid to return to Congress after expulsion
- $73.5M beach replenishment project starts in January at Jersey Shore
- Who is Princess Kate? Age, family, what to know about Princess of Wales amid cancer news
Ranking
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Caitlin Clark has fan in country superstar Tim McGraw, who wore 22 jersey for Iowa concert
- National Guard helicopters help battle West Virginia wildfires in steep terrain
- Vermont House passes a bill to restrict a pesticide that is toxic to bees
- NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
- West Virginia governor signs vague law allowing teachers to answer questions about origin of life
- Q&A: Extreme Heat, Severe Storms Among Key Climate Challenges for Maryland’s New Chief Resilience Officer
- Bruce Willis and Emma Heming celebrate 15-year wedding anniversary: 'Stronger than ever'
Recommendation
California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
Democratic state senator files paperwork for North Dakota gubernatorial bid
85 years after a racist mob drove Opal Lee’s family away, she’s getting a new home on the same spot
Republican lawmaker says Kentucky’s newly passed shield bill protects IVF services
Senate begins final push to expand Social Security benefits for millions of people
Colorado stuns Florida in 102-100 thriller in NCAA Tournament first round
Judge expects ruling on jurisdiction, broadcasting rights in ACC-Florida State fight before April 9
Kansas City Chiefs trading star CB L'Jarius Sneed to Tennessee Titans, per report