Current:Home > ScamsSenate begins final push to expand Social Security benefits for millions of people -Aspire Money Growth
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-28 08:59:11
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! (37)
Related
- Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
- Climate protesters have blocked a Dutch highway to demand an end to big subsidies for fossil fuels
- Moroccan villagers mourn after earthquake brings destruction to their rural mountain home
- Rita Wilson talks ‘My Big Fat Greek Wedding 3,’ surprise ‘phenomenon’ of the original film
- Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
- 'The Fraud' asks questions as it unearths stories that need to be told
- College football Week 2: Six blockbuster games to watch, including Texas at Alabama
- Andy Reid deserves the blame for Chiefs' alarming loss to Lions in opener
- Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
- Israeli army kills 16-year-old Palestinian in West Bank, claiming youths threw explosives
Ranking
- Sam Taylor
- Rita Wilson talks ‘My Big Fat Greek Wedding 3,’ surprise ‘phenomenon’ of the original film
- No, a pound of muscle does not weigh more than a pound of fat. But here's why it appears to.
- California lawmakers vote to limit when local election officials can count ballots by hand
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- The world is still falling short on limiting climate change, according to U.N. report
- Pelosi announces she'll run for another term in Congress as Democrats seek to retake House
- Egypt’s annual inflation hits a new record, reaching 39.7% in August
Recommendation
Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
Crashing the party: Daniil Medvedev upsets Carlos Alcaraz to reach US Open final
Gunmen attack vehicles at border crossing into north Mexico, wounding 9, including some Americans
Kevin Costner References Ex Christine Baumgartner’s Alleged “Boyfriend” in Divorce Battle
New Zealand official reverses visa refusal for US conservative influencer Candace Owens
Artificial intelligence technology behind ChatGPT was built in Iowa -- with a lot of water
Maldivians vote for president in a virtual geopolitical race between India and China
Governor suspends right to carry firearms in public in this city due to gun violence