Current:Home > NewsSenate begins final push to expand Social Security benefits for millions of people -WealthTrail Solutions
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-26 09:46:47
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! (918)
Related
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Congo's army says 3 Americans among those behind coup attempt that was nipped in the bud
- Carvings on Reese's packaging aren't on actual chocolates, consumer lawsuit claims
- See Dwayne Johnson transform into Mark Kerr in first photo from biopic 'The Smashing Machine'
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- The Best White Clothes to Rock This Summer, From White Dresses to White Jeans
- Trump campaign threatens to sue over 'garbage' biopic 'The Apprentice,' director responds
- Trump campaign threatens to sue over 'garbage' biopic 'The Apprentice,' director responds
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- How Taylor Swift Inspired Charlie Puth to Be a Bigger Artist IRL
Ranking
- Tom Holland's New Venture Revealed
- Bad weather hampers search for 2 who went over waterfall in Minnesota’s Boundary Waters Canoe Area
- Vermont governor vetoes bill to restrict pesticide that is toxic to bees, saying it’s anti-farmer
- Jennifer Garner Breaks Down in Tears Over Her and Ben Affleck's Daughter Violet Graduating School
- NCAA hands former Michigan coach Jim Harbaugh a 4-year show cause order for recruiting violations
- DOJ sues Oklahoma over new law setting state penalties for those living in the US illegally
- Jennifer Garner Breaks Down in Tears Over Her and Ben Affleck's Daughter Violet Graduating School
- Phillies star Bryce Harper helps New Jersey teen score date to prom
Recommendation
RFK Jr. grilled again about moving to California while listing New York address on ballot petition
Kentucky congressman expects no voter fallout for his role in attempt to oust House speaker
Below Deck's Capt. Kerry Slams Bosun Ben's Blatant Disrespect During Explosive Confrontation
Trump campaign threatens to sue over 'garbage' biopic 'The Apprentice,' director responds
Sam Taylor
'The Voice': Bryan Olesen moves John Legend to tears with emotional ballad in finale lead-up
New York’s high court upholds requiring insurance to cover medically necessary abortions
Denver launches ambitious migrant program, breaking from the short-term shelter approach