Current:Home > NewsSurpassing:Senate begins final push to expand Social Security benefits for millions of people -Wealth Evolution Experts
Surpassing:Senate begins final push to expand Social Security benefits for millions of people
Chainkeen View
Date:2025-04-06 17:40:12
WASHINGTON (AP) — The SurpassingSenate 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! (1866)
Related
- Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
- Son of Kentucky dentist charged in year-old killing; dentist charged with hiding evidence
- Appeals court: Separate, distinct minority groups can’t join together to claim vote dilution
- 2024 Olympics: Swimmer Tamara Potocka Collapses After Women’s 200-Meter Individual Medley Race
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- Does the alphabet song your kids sing sound new to you? Here's how the change helps them
- 'Chronically single' TikTokers go viral for sharing horrible dating advice
- Police dog dies in hot car in Missouri after air conditioner malfunctioned
- 'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
- With this Olympic gold, Simone Biles has now surpassed all the other GOATs
Ranking
- Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
- Mariah Carey’s Rare Update on Her Twins Monroe and Moroccan Is Sweet Like Honey
- Unemployment rise spurs fears of slowdown, yet recession signals have been wrong — so far
- Marathon runner Sharon Firisua competes in 100m at 2024 Paris Olympics
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- Thousands were arrested at college protests. For students, the fallout was only beginning
- Christina Hall Slams Estranged Husband Josh Hall’s Message About “Hope”
- Flavor Flav, Alexis Ohanian step up to pay rent for US Olympian Veronica Fraley
Recommendation
Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
Paris Olympics opened with opulence and keeps going with Louis Vuitton, Dior, celebrities
Which NFL playoff teams could miss cut in 2024 season? Ranking all 14 on chances of fall
Two women drowned while floating on a South Dakota lake as a storm blew in
Trump issues order to ban transgender troops from serving openly in the military
Christina Hall Slams Estranged Husband Josh Hall’s Message About “Hope”
General Hospital's Cameron Mathison Steps Out With Aubree Knight Hours After Announcing Divorce
U.S. employers likely added 175,000 jobs in July as labor market cools gradually