Current:Home > StocksSenate begins final push to expand Social Security benefits for millions of people -Aspire Capital Guides
Senate begins final push to expand Social Security benefits for millions of people
Fastexy Exchange View
Date:2025-04-10 11:59:30
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! (32446)
Related
- Buckingham Palace staff under investigation for 'bar brawl'
- Man fishing with his son drowns after rescuing 2 other children swimming at Pennsylvania state park
- Murder probe underway after 6 killed, 1 hurt in South Carolina house fire
- With Hurricanes and Toxic Algae, Florida Candidates Can’t Ignore the Environment
- Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
- Zendaya’s Fashion Emergency Has Stylist Law Roach Springing Into Action
- Chief Environmental Justice Official at EPA Resigns, With Plea to Pruitt to Protect Vulnerable Communities
- GOP Congressmen Launch ‘Foreign Agent’ Probe Over NRDC’s China Program
- Taylor Swift makes surprise visit to Kansas City children’s hospital
- Pink’s Daughter Willow Singing With Her Onstage Is True Love
Ranking
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- Lala Kent Reacts to Raquel Leviss' Tearful Confession on Vanderpump Rules Reunion
- No major flight disruptions from new 5G wireless signals around airports
- Confidential Dakota Pipeline Memo: Standing Rock Not a Disadvantaged Community Impacted by Pipeline
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- South Dakota Backs Off Harsh New Protest Law and ‘Riot-Boosting’ Penalties
- Elliot Page Recalls Having Sex With Juno Co-Star Olivia Thirlby “All the Time”
- Tips to help dogs during fireworks on the Fourth of July
Recommendation
Intellectuals vs. The Internet
Baby girl among 4 found dead by Texas authorities in Rio Grande river on U.S.-Mexico border in just 48 hours
Biden’s Paris Goal: Pressure Builds for a 50 Percent Greenhouse Gas Cut by 2030
Coach Outlet Has Gorgeous Summer Handbags & Accessories on Sale for as Low as $19
EU countries double down on a halt to Syrian asylum claims but will not yet send people back
Extra! New strategies for survival by South Carolina newspapers
They Built a Life in the Shadow of Industrial Tank Farms. Now, They’re Fighting for Answers.
Orlando officer fatally shoots man who made quick movement during traffic stop