Current:Home > MarketsSenate begins final push to expand Social Security benefits for millions of people -ProfitBlueprint Hub
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-19 13:10:16
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! (5777)
Related
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
- Why Kelly Ripa and Mark Consuelos’ Kids Have Them Blocked on Social Media
- Federal judges deal the oil industry another setback in climate litigation
- Mary Peltola, the first Alaska Native heading to Congress, journeys home to the river
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- U.S. says drought-stricken Arizona and Nevada will get less water from Colorado River
- Why even environmentalists are supporting nuclear power today
- More rain hits Kentucky while the death toll from flooding grows
- Senate begins final push to expand Social Security benefits for millions of people
- Why climate change may be driving more infectious diseases
Ranking
- Former Danish minister for Greenland discusses Trump's push to acquire island
- Parts of the U.S. and Europe are bracing for some of their hottest temperatures yet
- Drought is driving elephants closer to people. The consequences can be deadly
- Why Prince William and Kate Middleton Are Delighted With Prince George’s Role in Coronation
- The Super Bowl could end in a 'three
- Biden announced a $600 billion global infrastructure program to counter China's clout
- Factual climate change reporting can influence Americans positively, but not for long
- Drought is driving elephants closer to people. The consequences can be deadly
Recommendation
Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
The spending bill will cut emissions, but marginalized groups feel they were sold out
Ariana Madix Is Feeling Amazing as She Attends Coachella After Tom Sandoval Split
The Ultimatum Reveals First-Ever Queer Love Season Trailer and Premiere Date
Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
Biden announced a $600 billion global infrastructure program to counter China's clout
Gisele Bündchen Shares Message About Growth After Tom Brady Divorce
Kendall Jenner and Bad Bunny Cozy Up at Coachella 2023