Current:Home > ContactSenate 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 09:06:13
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! (78815)
Related
- Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
- San Francisco Giants' Blake Snell pitches no-hitter vs. Cincinnati Reds
- Indianapolis man sentenced to 145 years in prison for shooting ex-girlfriend, killings of 4 others
- 1 of 3 killed in Nevada prison brawl was white supremacist gang member who killed an inmate in 2016
- South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
- American Grant Fisher surprises in Olympic men's 10,000 meters, taking bronze
- That's not my cat... but, maybe I want it to be? Inside the cat distribution system
- Pro Football Hall of Fame ceremony: Class of 2024, How to watch and stream, date, time
- 2025 'Doomsday Clock': This is how close we are to self
- Teddy Riner lives out his dream of gold in front of Macron, proud French crowd
Ranking
- Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
- Netherlands' Femke Bol steals 4x400 mixed relay win from Team USA in Paris Olympics
- Taking Over from the Inside: China’s Growing Reach Into Local Waters
- San Francisco Giants' Blake Snell pitches no-hitter vs. Cincinnati Reds
- Intellectuals vs. The Internet
- 2 Georgia National Guard soldiers die in separate noncombat incidents in Iraq
- Team USA rowing men's eight takes bronze medal at Paris Olympics
- 'We feel deep sadness': 20-year-old falls 400 feet to his death at Grand Canyon
Recommendation
Tree trimmer dead after getting caught in wood chipper at Florida town hall
After Navajo Nation Condemns Uranium Hauling on Its Lands, Arizona Governor Negotiates a Pause
When is Noah Lyles' next race? Latest updates including highlights, results, and schedule
IOC leader says ‘hate speech’ directed at Imane Khelif and Lin Yu-Ting at Olympics is unacceptable
Bill Belichick's salary at North Carolina: School releases football coach's contract details
Kobe Bryant and Daughter Gianna Honored With Moving Girl Dad Statue
Boxer Imane Khelif's father expresses support amid Olympic controversy
Off the Grid: Sally breaks down USA TODAY's daily crossword, Look Behind You! (Freestyle)