Current:Home > ScamsSenate begins final push to expand Social Security benefits for millions of people -ProfitQuest Academy
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-15 18:53:37
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! (723)
Related
- 'Most Whopper
- Don’t Miss Target’s Home Sale: Enjoy Up to 50% off Including a Keurig for $49 & More Deals Starting at $4
- Why Kylie Jenner Is Keeping Her Romance With Timothée Chalamet Private
- Selling Sunset's Chelsea Lazkani Breaks Down in Tears Over Split in Season 8 Trailer
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- Judge says Maine can forbid discrimination by religious schools that take state tuition money
- All-Star, Olympian Dearica Hamby files federal lawsuit against WNBA, Las Vegas Aces
- Inflation is easing but Americans still aren't feeling it
- Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
- Colin Jost gives foot update after injury and Olympics correspondent exit
Ranking
- Retirement planning: 3 crucial moves everyone should make before 2025
- Los Angeles earthquake follows cluster of California temblors: 'Almost don't believe it'
- Scientists make first-of-its-kind discovery on Mars - miles below planet's surface
- Rihanna and A$AP Rocky's Baby Boy Riot Rose Makes Rare Appearance in Cute Video
- Family of explorer who died in the Titan sub implosion seeks $50M-plus in wrongful death lawsuit
- RHONY's Pigeon-Themed Season 15 Trailer Will Have Bravo Fans Squawking
- CAS won't reconsider ruling that effectively stripped Jordan Chiles of bronze medal
- Connecticut Republicans pick candidates to take on 2 veteran Democrats in Congress
Recommendation
Giants, Lions fined $200K for fights in training camp joint practices
Dairy Queen announces new 2024 Fall Blizzard Treat Menu: Here's when it'll be available
Why Kylie Jenner Is Keeping Her Romance With Timothée Chalamet Private
Jordan Chiles medal inquiry: USA Gymnastics says arbitration panel won’t reconsider decision
Tropical weather brings record rainfall. Experts share how to stay safe in floods.
Paige DeSorbo Shares Surprising Update on Filming Summer House With Pregnant Lindsay Hubbard & Carl Radke
Get 1000s of Old Navy Deals Under $25, 72% Off T3 Hair Tools, 70% Off Michael Kors & More Discounts
As Olympic flag lands in Los Angeles, pressure turns up for 2028 Summer Games