Current:Home > MySenate begins final push to expand Social Security benefits for millions of people -CoinMarket
Senate begins final push to expand Social Security benefits for millions of people
Algosensey View
Date:2025-04-06 14:12:36
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! (1956)
Related
- Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
- Dozens injured after Eritrean government supporters, opponents clash at protest in Israel
- Linda Evangelista reveals 2018 breast cancer diagnosis: 'I have one foot in the grave'
- Duke upsets No. 9 Clemson, earns first win vs. top-10 team in 34 years
- Meta releases AI model to enhance Metaverse experience
- Pier collapses at University of Wisconsin terrace, sending dozens into lake, video shows
- 3 lifelong Beatles fans seek to find missing Paul McCartney guitar and solve greatest mystery in rock and roll
- Nobel Foundation withdraws invitation to Russia, Belarus and Iran to attend ceremonies
- Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
- Mark Meadows, John Eastman plead not guilty and waive arraignment
Ranking
- Current, future North Carolina governor’s challenge of power
- Naomi Campbell Just Dropped a Surprisingly Affordable Clothing Collection With $20 Pieces
- Colorado will dominate, Ohio State in trouble lead Week 1 college football overreactions
- Trump’s comments risk tainting a jury in federal election subversion case, special counsel says
- 'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
- Pier collapses into lake on Wisconsin college campus, 1 hospitalized, 20 others slightly injured
- Minnesota prison put on lockdown after about 100 inmates refuse to return to their cells
- Why Chase Chrisley Says He'll Never Get Back Together With Ex Emmy Medders After Breakup
Recommendation
Pressure on a veteran and senator shows what’s next for those who oppose Trump
Steve Harwell, former Smash Mouth frontman, dies at 56, representative says
Kylie Jenner and Timothée Chalamet Make First Public Appearance Together at Beyoncé Concert
Revisiting Joe Jonas and Sophie Turner's Love Story Will Have You Sending Out an S.O.S
The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
Kim Jong Un and Putin may meet. What do North Korea and Russia need from each other?
Massachusetts teen dies after 'One Chip Challenge,' social media fad involving spicy food
Marion Cotillard Is All Of Us Reacting to Those Joe Jonas and Sophie Turner Divorce Rumors