Current:Home > NewsSenate begins final push to expand Social Security benefits for millions of people -ProgressCapital
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-16 22:56:20
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! (68)
Related
- Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
- Judge to unseal identities of 3 people who backed George Santos' $500K bond
- A first-generation iPhone sold for $190K at an auction this week. Here's why.
- More gay and bisexual men will now be able to donate blood under finalized FDA rules
- Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
- Obama family's private chef dead after paddle boarding accident at Martha's Vineyard
- Her job is to care for survivors of sexual assault. Why aren't there more like her?
- Q&A With SolarCity’s Chief: There Is No Cost to Solar Energy, Only Savings
- Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
- House Democrats’ Climate Plan Embraces Much of Green New Deal, but Not a Ban on Fracking
Ranking
- Senate begins final push to expand Social Security benefits for millions of people
- Taylor Lautner Calls Out Hateful Comments Saying He Did Not Age Well
- Car rams into 4 fans outside White Sox ballpark in Chicago
- The Truth About Tom Sandoval and Influencer Karlee Hale's Relationship
- Tom Holland's New Venture Revealed
- Major psychologists' group warns of social media's potential harm to kids
- A plastic sheet with a pouch could be a 'game changer' for maternal mortality
- CBS News poll finds most say Roe's overturn has been bad for country, half say abortion has been more restricted than expected
Recommendation
'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
For Some California Farmers, a Virus-Driven Drop in Emissions Could Set Back Their Climate Efforts
Senate weighs bill to strip failed bank executives of pay
Cleveland Becomes Cleantech Leader But Ohio Backtracks on Renewable Energy
Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
At Stake in Arctic Refuge Drilling Vote: Money, Wilderness and a Way of Life
Does sex get better with age? This senior sex therapist thinks so
'I'll lose my family.' A husband's dread during an abortion ordeal in Oklahoma