Current:Home > ScamsSenate begins final push to expand Social Security benefits for millions of people -WealthConverge Strategies
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-18 19:27:12
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! (2)
Related
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Samsung trolls Apple after failed iPad Pro crush ad
- Botanists are scouring the US-Mexico border to document a forgotten ecosystem split by a giant wall
- Seize the Grey crosses finish line first at Preakness Stakes, ending Mystik Dan's run for Triple Crown
- The 401(k) millionaires club keeps growing. We'll tell you how to join.
- Man City wins record fourth-straight Premier League title after 3-1 win against West Ham
- John Krasinski’s ‘IF’ hits a box office nerve with $35 million debut
- Why tech billionaires are trying to create a new California city
- Intel's stock did something it hasn't done since 2022
- Pro-Palestinian protesters set up a new encampment at Drexel University
Ranking
- Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
- Jerry Seinfeld's comedy show interrupted by pro-Palestinian protesters after Duke walkouts
- Indiana Pacers dominate New York Knicks in Game 7 to advance to Eastern conference final
- 7 dead, widespread power outages after Texas storm. Now forecasters warn of high heat.
- Rylee Arnold Shares a Long
- 3 dead, including 6-year-old boy, after Amtrak train hits pickup truck in New York
- OG Anunoby and Josh Hart are in the Knicks’ starting lineup for Game 7 against the Pacers
- Simone Biles wins gymnastics US Classic by a lot. Shilese Jones takes 2nd. How it happened
Recommendation
'Most Whopper
Dow closes above 40,000 for first time, notching new milestone
Rudy Giuliani served indictment in Arizona fake elector case
The Senate filibuster is a hurdle to any national abortion bill. Democrats are campaigning on it
Sonya Massey's father decries possible release of former deputy charged with her death
Why tech billionaires are trying to create a new California city
Sportswear manufacturer Fanatics sues Cardinals rookie WR Marvin Harrison Jr., per report
Israeli War Cabinet member says he'll quit government June 8 unless new war plan is adopted