Current:Home > ScamsSenate begins final push to expand Social Security benefits for millions of people -Wealth Momentum Network
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-17 12:32:56
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! (36634)
Related
- Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
- 'Only Murders' fans: Steve Martin's full life on display in Apple TV+ doc 'Steve!'
- New York City’s mayor gets baptized in jail by Rev. Al Sharpton on Good Friday
- LSU star and Baltimore native Angel Reese on bridge collapse: 'I'm praying for Baltimore'
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- 50 years after the former Yugoslavia protected abortion rights, that legacy is under threat
- 2024 NHL playoffs: Bracket, updated standings, latest playoff picture and more
- At least 5 deaths linked to recalled supplement pill containing red mold
- Former Danish minister for Greenland discusses Trump's push to acquire island
- Breaking Down Beyoncé’s Cowboy Carter: Grammys, Critics and a Nod to Becky
Ranking
- This was the average Social Security benefit in 2004, and here's what it is now
- Save 70% on Tan-Luxe Self-Tanning Drops, Get a $158 Anthropologie Dress for $45, and More Weekend Deals
- Harvard says it has removed human skin from the binding of a 19th century book
- Baltimore bridge collapse: Who will pay for the destroyed bridge, harmed businesses and lost lives?
- Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
- Lawsuit accuses Special Olympics Maine founder of grooming, sexually abusing boy
- When is Passover 2024? What you need to know about the Jewish holiday
- ‘Ozempig’ remains Minnesota baseball team’s mascot despite uproar that name is form of fat-shaming
Recommendation
Average rate on 30
Psst! Anthropologie Just Added an Extra 50% off Their Sale Section and We Can’t Stop Shopping Everything
US judge in Nevada hands wild horse advocates rare victory in ruling on mustang management plans
Lizzo Seemingly Quits Hollywood Over “Lies” Told About Her
IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
Funeral held for Joe Lieberman, longtime U.S. senator and 2000 vice presidential nominee
Maryland to receive initial emergency relief funding of $60 million for Key Bridge collapse cleanup
Closed bridges highlight years of neglect, backlog of repairs awaiting funding