Current:Home > MarketsSenate begins final push to expand Social Security benefits for millions of people -Quantum Capital Pro
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-11 12:56:29
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! (91)
Related
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Another Game of Thrones Prequel Series Officially Coming to HBO: Get the Details
- Kate Spade 24-Hour Flash Deal: Get This $280 Crossbody Bag for Just $59
- Gunmen torch market, killing 9, days after body parts and cartel messages found in same Mexican city
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- Biden's climate agenda is stalled in Congress. In Hawaii, one key part is going ahead
- Pamper Your Skin and Get $115 Worth of Josie Maran Hydrating Products for Just $59
- Australia says most Great Barrier Reef coral studied this year was bleached
- Nevada attorney general revives 2020 fake electors case
- A new study predicts a huge increase in catastrophic hurricanes for the northeastern U.S.
Ranking
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- To get by in a changing climate, plants need animal poop to carry them to safety
- Soot is accelerating snow melt in popular parts of Antarctica, a study finds
- In Orlando, a mountain of coal ash evades EPA rules. It's not the only one.
- The 401(k) millionaires club keeps growing. We'll tell you how to join.
- Israel hit by huge protests as Netanyahu's judiciary overhaul moves forward
- China executes kindergarten teacher convicted of poisoning students
- Historian Yuval Noah Harari warns of dictatorship in Israel
Recommendation
Dick Vitale announces he is cancer free: 'Santa Claus came early'
How to Watch the GLAAD Media Awards 2023
In Orlando, a mountain of coal ash evades EPA rules. It's not the only one.
Historian Yuval Noah Harari warns of dictatorship in Israel
Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
Unprecedented ocean temperatures much higher than anything the models predicted, climate experts warn
Fossil shows mammal, dinosaur locked in mortal combat
Megadrought fuels debate over whether a flooded canyon should reemerge