Current:Home > ScamsSenate begins final push to expand Social Security benefits for millions of people -MarketStream
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-14 07:25:57
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! (2)
Related
- From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
- 'It's coming right for us': Video shows golfers scramble as tornado bears down in Missouri
- Georgia’s governor and others pile into state court race where challenger has focused on abortion
- The Golden Bachelorette Reveals Its First Leading Lady Ahead of Fall Premiere
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- 49ers vs. Jets kicks off 2024 'Monday Night Football' NFL schedule
- Horoscopes Today, May 13, 2024
- 70 years ago, school integration was a dream many believed could actually happen. It hasn’t
- Judge says Mexican ex-official tried to bribe inmates in a bid for new US drug trial
- Former NFL coach Jon Gruden loses Nevada high court ruling in NFL emails lawsuit
Ranking
- What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
- Rory McIlroy files for divorce from wife, day before arriving for 2024 PGA Championship
- Christina Hall Reunites With Ex Tarek El Moussa—and Twins With His Wife Heather in New Video
- Kristen Welker announces she's expecting second child via surrogate: 'Angel on Earth'
- FBI: California woman brought sword, whip and other weapons into Capitol during Jan. 6 riot
- Boxer Sherif Lawal dies after being knocked out in professional debut in London
- Katy Perry Reacts After Daughter Daisy Calls Her by Stage Name
- United Methodists scrap their anti-gay bans. A woman who defied them seeks reinstatement as pastor
Recommendation
Retirement planning: 3 crucial moves everyone should make before 2025
Aggravated murder charge filed against truck driver accused of killing Utah police officer
'The Golden Bachelorette' will look for love on Wednesdays this fall! ABC's 2024 schedule
Israel's Netanyahu says militants make up about half of Gaza deaths
Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
Caitlin Clark finishes with 20 points and 10 turnovers as Fever fall to Connecticut in WNBA opener
The WNBA’s challenge: How to translate the Caitlin Clark hype into sustained growth for the league
Minnesota couple celebrates state's new flag with a Statehood Day party