Current:Home > ScamsSenate begins final push to expand Social Security benefits for millions of people -Infinite Edge Capital
Senate begins final push to expand Social Security benefits for millions of people
Fastexy Exchange View
Date:2025-04-07 15:22:24
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! (89)
Related
- Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon
- Listening to Burial at the end of the world
- How Vanderpump Rules' Scheana Shay Really Feels About Filming With Raquel Leviss and Tom Sandoval
- Solar projects are on hold as U.S. investigates whether China is skirting trade rules
- A South Texas lawmaker’s 15
- The wildfires burning in the Southwest are bad but 'not unprecedented'
- Céline Dion Releases New Music 4 Months After Announcing Health Diagnosis
- Kate Spade 24-Hour Flash Deal: Get This $280 Crossbody Bag for Just $59
- Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
- Pedro Pascal's BFF Sarah Paulson Hilariously Reacts to His Daddy Title
Ranking
- The White House is cracking down on overdraft fees
- Biden lauds NATO deal to welcome Sweden, but he may get an earful from Zelenskyy about Ukraine's blocked bid
- Teen Mom's Jenelle Evans Shares Family Photo After Regaining Custody of Son Jace
- U.S. soldier believed to be in North Korean custody after unauthorized border crossing, officials say
- Travis Hunter, the 2
- Rare twin panda babies welcomed at South Korea amusement park
- Our roads are killing wildlife. The new infrastructure law aims to help
- The future cost of climate inaction? $2 trillion a year, says the government
Recommendation
Don't let hackers fool you with a 'scam
North Korea launches ballistic missile, South Korea says, two days after claiming to repel U.S. spy plane
Scientists give Earth a 50-50 chance of hitting key warming mark by 2026
India's Chandrayaan-3 moon mission takes off with a successful launch as rocket hoists lunar lander and rover
What to watch: O Jolie night
World Food Prize goes to former farmer who answers climate change question: 'So what?'
'Jaws' vs 'The Meg': A definitive ranking of the best shark movies to celebrate Shark Week
U.S. rejoins UNESCO: It's a historic moment!