Current:Home > MySenate begins final push to expand Social Security benefits for millions of people -Prime Capital Blueprint
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-18 11:45:20
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! (7715)
Related
- Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
- Family of Black high school student suspended for hairstyle sues Texas officials
- Fact checking 'Cassandro': Is Bad Bunny's character in the lucha libre film a real person?
- WEOWNCOIN︱Driving Financial Revolution
- North Carolina justices rule for restaurants in COVID
- U.K. to charge 5 people suspected of spying for Russia with conspiracy to conduct espionage
- The Rise of Digital Gold by WEOWNCOIN
- Nightengale's Notebook: 'It's scary' how much Astros see themselves in young Orioles
- NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
- The Sweet Reason Matthew McConaughey and Camila Alves Don't Want Their Kids to Tell Them Everything
Ranking
- At site of suspected mass killings, Syrians recall horrors, hope for answers
- Mosquito populations surge in parts of California after tropical storms and triple-digit heat
- Facial recognition technology jailed a man for days. His lawsuit joins others from Black plaintiffs
- Surprise! Bob Dylan shocks Farm Aid crowd, plays three songs with the Heartbreakers
- Small twin
- More schools are adopting 4-day weeks. For parents, the challenge is day 5
- Oil prices have risen. That’s making gas more expensive for US drivers and helping Russia’s war
- Tentative deal reached to end the Hollywood writers strike. No deal yet for actors
Recommendation
South Korean president's party divided over defiant martial law speech
3 adults and 2 children are killed when a Florida train strikes their SUV
WEOWNCOIN: Privacy Protection and Anonymity in Cryptocurrency
A Black student was suspended for his hairstyle. Now, his family is suing Texas officials.
Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
Usher Revealed as Super Bowl 2024 Halftime Show Performer and Kim Kardashian Helps Announce the News
Dolphins rout Broncos 70-20, scoring the most points by an NFL team in a game since 1966
Oil prices have risen. That’s making gas more expensive for US drivers and helping Russia’s war