Current:Home > reviewsSenate begins final push to expand Social Security benefits for millions of people -Wealth Empowerment Academy
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-25 01:23:14
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! (21)
Related
- Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
- What does a panic attack feel like? And how to make it stop quickly.
- Riley Keough Reacts to Stevie Nicks’ Praise for Her Daisy Jones Performance
- 9-year-old child fatally shoots 6-year-old in Florida home, deputies say
- Skins Game to make return to Thanksgiving week with a modern look
- Former West Virginia coach Bob Huggins enters diversion program after drunken driving arrest
- Fall out from Alex Murdaugh saga continues, as friend is sentenced in financial schemes
- Teen Mom Star Jenelle Evans’ Son Jace Found After Running Away
- FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
- New gun analysis determines Alec Baldwin pulled trigger in 'Rust' shooting, prosecutors say
Ranking
- Toyota to invest $922 million to build a new paint facility at its Kentucky complex
- Americans are divided along party lines over Trump’s actions in election cases, AP-NORC poll shows
- 'The Blind Side' subject Michael Oher's blockbuster lawsuit against Tuohy family explained
- Company asks judge to block Alabama medical marijuana licenses
- In ‘Nickel Boys,’ striving for a new way to see
- Beat the Heat and Maximize Your Fun With Chloe Fineman’s Summer Essentials
- Beat the Heat and Maximize Your Fun With Chloe Fineman’s Summer Essentials
- Meryl Streep, Oprah, Michael B. Jordan to be honored at Academy Museum's 2023 gala
Recommendation
Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
When does pumpkin spice season start? It already has at Dunkin', Krispy Kreme and 7-Eleven
An abandoned desert village an hour from Dubai offers a glimpse at the UAE’s hardscrabble past
Kentucky gubernatorial rivals Andy Beshear and Daniel Cameron offer competing education plans
Trump issues order to ban transgender troops from serving openly in the military
Trump, co-defendants in Georgia election case expected to be booked in Fulton County jail, sheriff says
A headless body. Victims bludgeoned to death: Notorious mass murderer escapes death penalty
House Oversight Committee member asks chairman to refer Snyder to the DOJ for investigation