Current:Home > MySenate begins final push to expand Social Security benefits for millions of people -Global Capital Summit
Senate begins final push to expand Social Security benefits for millions of people
TrendPulse Quantitative Think Tank Center View
Date:2025-04-08 02:58:19
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! (69455)
Related
- Small twin
- Inside Clean Energy: What Happens When Solar Power Gets Much, Much Cheaper?
- The Big D Shocker: See a New Divorcée Make a Surprise Entrance on the Dating Show
- Inside Clean Energy: Where Can We Put All Those Wind Turbines?
- B.A. Parker is learning the banjo
- Why car prices are still so high — and why they are unlikely to fall anytime soon
- What happens to the body in extreme heat? Experts explain the heat wave's dangerous impact.
- Climate Advocates Hoping Biden Would Declare a Climate Emergency Are Disappointed by the Small Steps He Announced on Wednesday
- Tom Holland's New Venture Revealed
- Is the Amazon Approaching a Tipping Point? A New Study Shows the Rainforest Growing Less Resilient
Ranking
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Inside Clean Energy: Where Can We Put All Those Wind Turbines?
- Cardi B Calls Out Offset's Stupid Cheating Allegations
- 'I'M BACK!' Trump posts on Facebook, YouTube for first time in two years
- Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
- Why Taylor Lautner Doesn't Want a Twilight Reboot
- First Republic Bank shares sink to another record low, but stock markets are calmer
- You Only Have a Few Hours to Shop Spanx 50% Off Deals: Leggings, Leather Pants, Tennis Skirts, and More
Recommendation
Travis Hunter, the 2
Have you been audited by the IRS? Tell us about it
UNEP Chief Inger Andersen Says it’s Easy to Forget all the Environmental Progress Made Over the Past 50 Years. Climate Change Is Another Matter
Stranger Things' Noah Schnapp Shares Glimpse Inside His First Pride Celebration
The company planning a successor to Concorde makes its first supersonic test
Senate Democrats Produce a Far-Reaching Climate Bill, But the Price of Compromise with Joe Manchin is Years More Drilling for Oil and Gas
Biden has big ideas for fixing child care. For now a small workaround will have to do
Locals look for silver linings as Amazon hits pause on its new HQ
Tags
Like
- South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
- Warming Trends: Banning a Racist Slur on Public Lands, and Calculating Climate’s Impact on Yellowstone, Birds and Banks
- Warming Trends: Banning a Racist Slur on Public Lands, and Calculating Climate’s Impact on Yellowstone, Birds and Banks