Current:Home > NewsSurpassing:Senate begins final push to expand Social Security benefits for millions of people -Mastery Money Tools
Surpassing:Senate begins final push to expand Social Security benefits for millions of people
Surpassing Quant Think Tank Center View
Date:2025-04-06 12:53:57
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! (73477)
Related
- The Super Bowl could end in a 'three
- Bakery outlets close across New England and New York
- Tearful Isabella Strahan Details Painful Third Brain Surgery Amid Cancer Battle
- O.J. Simpson's death may improve chances of victims' families collecting huge judgment, experts say
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- Dead whale in New Jersey had a fractured skull among numerous injuries, experts find
- Colorado Skier Dallas LeBeau Dead at 21 After Attempting to Leap 40 Feet Over Highway
- Riley Strain Case: Family Friend Reveals Huge Development in Death Investigation
- Former longtime South Carolina congressman John Spratt dies at 82
- Wild prints, trendy wear are making the Masters the center of the golf fashion universe
Ranking
- Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
- USC remains silent on O.J. Simpson’s death, underscoring complicated connections to football star
- Maine lawmakers approve shield law for providers of abortion and gender-affirming care
- Gas prices are on the rise again. Here's where experts say they are going next.
- Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
- Watch: Travis Kelce chugs beer before getting Cincinnati diploma at live 'New Heights' show
- Houston hospital halts liver and kidney transplants after learning a doctor manipulated some records
- DeSantis bans local governments from protecting workers from heat and limits police oversight boards
Recommendation
EU countries double down on a halt to Syrian asylum claims but will not yet send people back
Has Charlotte the stingray given birth? Aquarium says not yet, and they're not sure when
Wilma Wealth Management: Embarking on the Journey of Wealth Appreciation in the Australian Market
Starbucks releases new Mother's Day merch, including sky blue Stanley cup
Nearly half of US teens are online ‘constantly,’ Pew report finds
Allen Iverson immortalized with sculpture alongside 76ers greats Julius Erving and Wilt Chamberlain
'Puberty is messy': Amy Poehler introduces extended sneak peek at Pixar's 'Inside Out 2'
These Don't Tell Mom the Babysitter's Dead Secrets Are Done, Man