Current:Home > NewsSenate begins final push to expand Social Security benefits for millions of people -ProfitZone
Senate begins final push to expand Social Security benefits for millions of people
Chainkeen View
Date:2025-04-11 09:49:07
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! (77915)
Related
- Biden administration makes final diplomatic push for stability across a turbulent Mideast
- Kelly Ripa Shares How Miley Cyrus Influenced Daughter Lola’s Music Career
- Inside the Stephen Curry flurry: How 4 shots sealed another gold for the US in Olympic basketball
- RHONJ's Teresa Giudice Defends Husband Luis Ruelas Wishing Suffering on Margaret Josephs' Son
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- Two men were shot to death before a concert at a raceway in Iowa
- 'It Ends With Us' drama explained: What's going on between Blake Lively and Justin Baldoni?
- Watch: These tech tips help simplify back-to-school shopping
- Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
- Fatal weekend shootings jolt growing Denver-area suburb
Ranking
- Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Ab Initio
- Emma Hayes, USWNT send a forceful message with Olympic gold: 'We're just at the beginning'
- In Olympic gold-medal match vs. Brazil, it was Mallory Swanson's turn to be a hero.
- Meta releases AI model to enhance Metaverse experience
- Watch: These tech tips help simplify back-to-school shopping
- Two men were shot to death before a concert at a raceway in Iowa
- Mike Tirico left ESPN, MNF 8 years ago. Paris Olympics showed he made right call.
Recommendation
'We're reborn!' Gazans express joy at returning home to north
The Latest: Harris and Trump paint different pictures for voters as the White House intensifies
A'ja Wilson had NSFW answer to describe Kahleah Copper's performance in gold medal game
Tragic 911 calls, body camera footage from Uvalde, Texas school shooting released
Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
Browns’ plans for move to new dome stadium hits snag as county backs city’s renovation proposal
Should Shelby McEwen have shared gold for USA's medal count? Don't be ridiculous
Mike Tirico left ESPN, MNF 8 years ago. Paris Olympics showed he made right call.