Current:Home > FinanceSenate 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:2025-04-24 15:31:12
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! (18864)
Related
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Inside Billionaire Heir Anant Ambani and Radhika Merchant's Wedding of the Year in India
- Houston hospitals report spike in heat-related illness during widespread storm power outages
- 5 people escape hot, acidic pond after SUV drove into inactive geyser in Yellowstone National Park
- $73.5M beach replenishment project starts in January at Jersey Shore
- Billy Joel isn’t ready to retire. What’s next after his Madison Square Garden residency?
- Inside Billionaire Heir Anant Ambani and Radhika Merchant's Wedding of the Year in India
- Monte Kiffin, longtime DC who helped revolutionize defensive football, dies at 84
- The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
- Eddie Murphy and Paige Butcher are married after 5-year engagement: Reports
Ranking
- The 401(k) millionaires club keeps growing. We'll tell you how to join.
- 'America's Sweethearts': Why we can't look away from the Dallas Cowboys Cheerleaders docuseries
- Watch Biden's full news conference from last night defying calls for him to drop out
- North Carolina’s Medicaid expansion program has enrolled 500,000 people in just 7 months
- Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
- Horoscopes Today, July 12, 2024
- How many points did Bronny James score tonight? Lakers-Rockets summer league box score
- Missouri execution plans move forward despite prosecutor trying to overturn murder conviction
Recommendation
What do we know about the mysterious drones reported flying over New Jersey?
1 dead, 2 missing after tour helicopter crashes off Hawaiian coast
Antonio Banderas and Stepdaughter Dakota Johnson's Reunion Photo Is Fifty Shades of Adorable
Monte Kiffin, longtime DC who helped revolutionize defensive football, dies at 84
Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
Carlos Alcaraz and Novak Djokovic will meet in the Wimbledon men’s final again
Wisconsin governor declares state of emergency for 4 counties, including 1 where flooding hit dam
Retired Massachusetts pediatrician pleads not guilty to abusing young patients