Current:Home > MyEthermac|Senate begins final push to expand Social Security benefits for millions of people -Quantum Capital Pro
Ethermac|Senate begins final push to expand Social Security benefits for millions of people
Chainkeen Exchange View
Date:2025-04-10 20:52:45
WASHINGTON (AP) — The EthermacSenate 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! (2767)
Related
- New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
- Triple decapitation: Man accused of killing parents, family dog in California
- Hundreds attend vigil for man killed at Trump rally in Pennsylvania before visitation Thursday
- How many points did Bronny James score? Lakers-Hawks Summer League box score
- Former Danish minister for Greenland discusses Trump's push to acquire island
- Still in the Mood to Shop? Here Are the Best After Prime Day Deals You Can Still Snag
- 16 Life-Changing Products You Never Knew You Needed Until Now
- Trader Joe's viral insulated mini totes are back in stock today
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- Ben Affleck and Jennifer Lopez Didn’t Acknowledge Their Anniversary—Here’s What They Did Instead
Ranking
- The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
- Ben Affleck and Jennifer Lopez Didn’t Acknowledge Their Anniversary—Here’s What They Did Instead
- Illinois sheriff’s deputy charged with murder in fatal shooting of woman who called 911
- Will Smith, Johnny Depp spotted hanging out. Some people aren't too happy about it.
- Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
- John Deere drops diversity initiatives, pledges to no longer join 'social or cultural awareness parades'
- Almost 3.5 tons of hot dogs shipped to hotels and restaurants are recalled
- 6 people found dead in Bangkok Grand Hyatt hotel show signs of cyanide poisoning, hospital says
Recommendation
Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
Messi’s ankle injury to be evaluated weekly, Inter Miami coach says after win vs. Toronto
How many points did Bronny James score? Lakers-Hawks Summer League box score
Jagged Edge's Brandon Casey “Should Be Dead” After Breaking Neck, Skull in Car Crash
South Korean president's party divided over defiant martial law speech
Do You Qualify for Spousal Social Security Benefits? 3 Things to Know Before Applying
Many people are embracing BDSM. Is it about more than just sex?
Biden says he'd reconsider running if some medical condition emerged