Current:Home > ContactSenate begins final push to expand Social Security benefits for millions of people -Bright Future Finance
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-13 22:44:59
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! (5371)
Related
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- Philippines says Chinese coast guard assaulted its vessels with water cannons for a second day
- South Carolina jury convicts inmate in first trial involving deadly prison riots
- Protesters at UN COP28 climate summit demonstrate for imprisoned Emirati, Egyptian activists
- Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
- At COP28, sticking points remain on fossil fuels and adapting to climate as talks near crunch time
- A gigantic new ICBM will take US nuclear missiles out of the Cold War-era but add 21st-century risks
- Rick Rubin on taking communion with Johnny Cash and why goals can hurt creativity
- A South Texas lawmaker’s 15
- Some Seattle cancer center patients are receiving threatening emails after last month’s data breach
Ranking
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
- Baku to the future: After stalemate, UN climate talks will be in Azerbaijan in 2024
- LSU QB Jayden Daniels overcomes being out of playoff hunt to win Heisman Trophy with prolific season
- Consumer product agency issues warning on small magnetic balls linked to deaths
- Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
- Save 56% On the Magical Good American Jeans That Still Fit Me After 30 Pounds of Weight Fluctuation
- Regulators’ recommendation would mean 3% lower electric rates for New Mexico residential customers
- What is the Universal Declaration of Human Rights, which is marking its 75th anniversary?
Recommendation
The Best Stocking Stuffers Under $25
Technology built the cashless society. Advances are helping the unhoused so they’re not left behind
Israel presses on with Gaza bombardments, including in areas where it told civilians to flee
American skier Breezy Johnson says she won’t race during anti-doping rules investigation
Where will Elmo go? HBO moves away from 'Sesame Street'
New York’s governor calls on colleges to address antisemitism on campus
The economy is a trouble spot for Biden despite strong signs. Here's why
Dozens of animals taken from Virginia roadside zoo as part of investigation