Current:Home > InvestSenate begins final push to expand Social Security benefits for millions of people -ProsperityEdge
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-16 11:42:44
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! (2687)
Related
- House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
- 11 books to look forward to in 2024
- 'All Thing Considered' staff shares their most memorable stories from 2023
- Michael Cohen says he unwittingly sent AI-generated fake legal cases to his attorney
- The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
- Maine secretary of state who opted to keep Trump off primary ballot is facing threat of impeachment
- A look at Russian missile attacks on Ukrainian targets since the war began in February 2022
- Oakland officer killed while answering burglary call; shooter being sought, police say
- Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
- Russia says it thwarted Kyiv drone attack following aerial assault against Ukraine
Ranking
- Rylee Arnold Shares a Long
- Get This Sephora Gift Set Valued at $306 for Just $27, Plus More Deals on Clinique, Bobbi Brown & More
- Oakland officer killed while answering burglary call; shooter being sought, police say
- Prosecutors say there’s no need for a second trial of FTX founder Sam Bankman-Fried
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- Bacon bits: Wendy's confirms one cent Jr. Bacon Cheeseburger offer has limit
- States set to enact new laws on guns, pornography, taxes and even fuzzy dice
- Top global TikToks of 2023: Mr. Bean of math, makeup demo, capybaras!
Recommendation
Former Syrian official arrested in California who oversaw prison charged with torture
Ex-Trump lawyer Michael Cohen says he unwittingly sent AI-generated fake legal cases to his attorney
Separatist Bosnian Serb leader Milorad Dodik vows to tear his country apart despite US warnings
11 books to look forward to in 2024
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
Medical marijuana dispensary licenses blocked in Alabama amid dispute over selection process
NYE 2023 is on a unique date that occurs once every 100 years: Here's what 12/31/23 means.
First edible mascot in sports history stars in the Pop-Tarts Bowl