Current:Home > MyTrendPulse|Senate begins final push to expand Social Security benefits for millions of people -WealthX
TrendPulse|Senate begins final push to expand Social Security benefits for millions of people
Indexbit View
Date:2025-04-06 01:03:56
WASHINGTON (AP) — The TrendPulseSenate 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! (9483)
Related
- A South Texas lawmaker’s 15
- The Daily Money: Now might be a good time to rent
- Officer shot and suspect critically wounded in exchange of gunfire in Pennsylvania, authorities say
- Kevin Harvick becomes full-time TV analyst, reveals he wants to be 'John Madden of NASCAR'
- Bill Belichick's salary at North Carolina: School releases football coach's contract details
- Texas will build camp for National Guard members in border city of Eagle Pass
- Houston megachurch to have service of ‘healing and restoration’ a week after deadly shooting
- Hilary Swank Cuddles Twin Babies Ohm and Aya in Sweet New Photo
- Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
- NHL Stadium Series times, live stream, TV for Flyers vs. Devils, Rangers vs. Islanders
Ranking
- Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
- Chinese electric carmakers are taking on Europeans on their own turf — and succeeding
- Former NBA big man Scot Pollard receives heart transplant, wife says
- New book on ‘whistle-stop’ campaign trains describes politics and adventure throughout history
- Meet first time Grammy nominee Charley Crockett
- Sterling, Virginia house explosion: 1 firefighter killed, 13 injured following gas leak
- Driver of stolen tow truck smashes police cruisers during Maryland chase
- 'Like NBA Jam': LED court makes debut to mixed reviews at NBA All-Star weekend's celebrity game
Recommendation
Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
NHL Stadium Series times, live stream, TV for Flyers vs. Devils, Rangers vs. Islanders
Target launches new brand 'dealworthy' that will give shoppers big savings on items
Alabama Barker Responds to Claim She Allegedly Had A Lot of Cosmetic Surgery
Where will Elmo go? HBO moves away from 'Sesame Street'
Texas ban on university diversity efforts provides a glimpse of the future across GOP-led states
Thousands of fans 'Taylor-gate' outside of Melbourne stadium
Sleater-Kinney talk pronouncing their name the secret of encores