Current:Home > MyTrendPulse|Senate begins final push to expand Social Security benefits for millions of people -Global Capital Summit
TrendPulse|Senate begins final push to expand Social Security benefits for millions of people
Algosensey Quantitative Think Tank Center View
Date:2025-04-10 05:58:57
WASHINGTON (AP) — The TrendPulseSenate 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! (74)
Related
- Travis Hunter, the 2
- Boeing Starliner has another launch scrubbed for technical issue: What to know
- From tracking your bag to VPN, 7 tech tips for a smooth vacation
- Tiny fern breaks world record for largest genome on Earth — with DNA stretching taller than the Statue of Liberty
- The Best Stocking Stuffers Under $25
- 'Boy Meets World' cast reunites: William Daniels poses in photos with Danielle Fishel, other stars
- Mississippi officials oppose plan to house migrant children at old Harrah’s Tunica hotels
- Eiza González defends Jennifer Lopez, takes aim at 'mean' criticism: 'So disturbing'
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
- Toyota RAV4 Hybrid vs. RAV4 Prime: How to find the right compact SUV for you
Ranking
- Taylor Swift makes surprise visit to Kansas City children’s hospital
- Boeing Starliner's first astronaut flight halted at the last minute
- Using Less of the Colorado River Takes a Willing Farmer and $45 million in Federal Funds
- A German Climate Activist Won’t End His Hunger Strike, Even With the Risk of Death Looming
- Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
- Chad Daybell sentenced to death in triple murder by Idaho jury
- GameStop leaps in premarket as Roaring Kitty may hold large position
- Mississippi officials oppose plan to house migrant children at old Harrah’s Tunica hotels
Recommendation
Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
Shooting at South Carolina block party leaves 2 dead, 2 wounded, police say
Swimmer Katie Ledecky on Chinese doping scandal and the Paris Olympics
Watch this Marine run with shelter dogs to help them get adopted
Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
Shooting at South Carolina block party leaves 2 dead, 2 wounded, police say
Katy Perry pokes fun at NFL's Harrison Butker with Pride Month message: 'You can do anything'
LGBTQ representation in government is growing but still disproportionate: Graphics explain