Current:Home > reviewsJohnathan Walker:Senate begins final push to expand Social Security benefits for millions of people -Wealth Evolution Experts
Johnathan Walker:Senate begins final push to expand Social Security benefits for millions of people
Charles Langston View
Date:2025-04-10 17:03:36
WASHINGTON (AP) — The Johnathan WalkerSenate 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! (31497)
Related
- Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
- Buffalo Wild Wings 'beat the buffalo' challenge among free wings, deals for March Madness
- Latest case of homeless shelter contract fraud in NYC highlights schemes across the nation
- The 9 Best Comforter Sets of 2024 That’re Soft, Cozy, and Hotel-Like, According to Reviewers
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- NAACP urges student-athletes to reconsider Florida colleges after state eliminates DEI programs
- Retiring in America increasingly means working into old age, new book finds
- This Tarte Concealer Flash Deal is Too Good to Gatekeep: Get an $87 Value Set for Just $39
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Arkansas police identify suspect, victims in weekend shooting that left 3 people dead
Ranking
- US wholesale inflation accelerated in November in sign that some price pressures remain elevated
- U.S. forces, allies shoot down more than 2 dozen Houthi drones in Red Sea
- Kate Middleton and Prince William Spotted Leaving Windsor Castle Amid Photo Controversy
- JoJo Siwa Warns Fans of Adult Content and Sexual Themes in New Project
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- After deadly Highway 95 crash in Wisconsin, bystander rescues toddler from wreckage
- Eva Longoria Reveals Her Unexpected Pre-Oscars Meal
- Why Robert Downey Jr. and Ke Huy Quan's 2024 Oscars Moment Is Leaving Fans Divided
Recommendation
Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
$5,000 reward offered for arrest of person who killed a whooping crane in Mamou
Latest case of homeless shelter contract fraud in NYC highlights schemes across the nation
What Prince William Was Up to Amid Kate Middleton's Photo Controversy
Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
Horoscopes Today, March 11, 2024
RHOBH's Garcelle Beauvais Weighs in on Possible Dorit Kemsley Reconciliation After Reunion Fight
What are superfoods? How to incorporate more into your diet