Current:Home > ScamsSenate begins final push to expand Social Security benefits for millions of people -Visionary Wealth Guides
Senate begins final push to expand Social Security benefits for millions of people
Algosensey Quantitative Think Tank Center View
Date:2025-04-07 18:56:10
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! (21)
Related
- Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
- Families say faulty vehicle caused cargo ship fire that killed two New Jersey firefighters
- Largest Hindu temple outside India in the modern era opens in New Jersey
- Sam Bankman-Fried directed financial crimes and lied about it, FTX co-founder testifies
- Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
- How $6 billion in Ukraine aid collapsed in a government funding bill despite big support in Congress
- Russian lawmakers will consider rescinding ratification of global nuclear test ban, speaker says
- Chicago Bears great Dick Butkus was brutal, fierce and mean on the field. He was the NFL.
- What to watch: O Jolie night
- This Nobel Prize winner's call to his parents has gone viral. But they always thought he could win it.
Ranking
- Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
- A Florida black bear was caught on video hanging out at Naples yacht club
- Biden condemns the ‘appalling assault’ by Hamas as Israel’s allies express anger and shock
- Georgia investigators lost and damaged evidence in Macon murder case, judge rules
- Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
- Jamie Foxx grieves actor, friend since college, Keith Jefferson: 'Everything hurts'
- California Gov. Gavin Newsom vetoes bill that would have decriminalized psychedelic mushrooms
- Man found guilty of murder in deaths of 3 neighbors in Portland, Oregon
Recommendation
Questlove charts 50 years of SNL musical hits (and misses)
After years in opposition, Britain’s Labour Party senses it’s on the verge of regaining power
Man acquitted in 2015 slaying of officer convicted of assaulting deputy sheriff during 2021 arrest
Starbucks announces seven store closures in San Francisco. Critics question why
Tree trimmer dead after getting caught in wood chipper at Florida town hall
UN warns Pakistan that forcibly deporting Afghans could lead to severe human rights violations
Guns N' Roses moves Arizona concert so D-backs can host Dodgers
Georgia will be first state with medical marijuana in pharmacies