Current:Home > reviewsSenate begins final push to expand Social Security benefits for millions of people -Quantum Capital Pro
Senate begins final push to expand Social Security benefits for millions of people
Algosensey View
Date:2025-04-07 19:07:56
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! (36463)
Related
- Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
- Blackjewel’s Bankruptcy Filing Is a Harbinger of Trouble Ahead for the Plummeting Coal Industry
- International Yoga Day: Shop 10 Practice Must-Haves for Finding Your Flow
- America, we have a problem. People aren't feeling engaged with their work
- Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
- Baby's first market failure
- Powerball jackpot climbs to $875 million after no winners in Wednesday's drawing
- Trump sues Bob Woodward for releasing audio of their interviews without permission
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Warming Trends: Indoor Air Safer From Wildfire Smoke, a Fish Darts off the Endangered List and Dragonflies Showing the Heat in the UK
Ranking
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- Beyoncé tour sales are off to a smoother start. What does that mean for Ticketmaster?
- Cosmetic surgeon who streamed procedures on TikTok loses medical license
- Illinois and Ohio Bribery Scandals Show the Perils of Mixing Utilities and Politics
- Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
- Inside Clean Energy: What’s a Virtual Power Plant? Bay Area Consumers Will Soon Find Out.
- Save $95 on a Shark Multi-Surface Cleaner That Vacuums and Mops Floors at the Same Time
- 4.9 million Fabuloso bottles are recalled over the risk of bacteria contamination
Recommendation
As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
This doctor wants to prescribe a cure for homelessness
My 600-Lb. Life’s Larry Myers Jr. Dead at 49
Markets are surging as fears about the economy fade. Why the optimists could be wrong
2 killed, 3 injured in shooting at makeshift club in Houston
Millions of Gen-Xers have almost nothing saved for retirement, researchers say
Inside Clean Energy: With Planned Closing of North Dakota Coal Plant, Energy Transition Comes Home to Rural America
An otter was caught stealing a surfboard in California. It was not the first time she's done it.