Current:Home > NewsSenate begins final push to expand Social Security benefits for millions of people -Prosper Capital Insights
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-27 20:58:02
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! (1)
Related
- McConnell absent from Senate on Thursday as he recovers from fall in Capitol
- Deal on wartime aid and border security stalls in Congress as time runs short to bolster Ukraine
- A look at atmospheric rivers, the long bands of water vapor that form over oceans and fuel storms
- House approves expansion for the Child Tax Credit. Here's who could benefit.
- Retirement planning: 3 crucial moves everyone should make before 2025
- Maine man who fled to Mexico after hit-and-run killing sentenced to 48 years
- Authorities capture man accused of taking gun from scene of fatal Philadelphia police shooting
- Who could replace Lewis Hamilton at Mercedes? 5 potential candidates for 2025
- Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
- Teen falls to his death while taking photos at Utah canyon overlook
Ranking
- Meet first time Grammy nominee Charley Crockett
- Fun. Friendship. International closeness. NFL's flag football championships come to USA.
- Ex-Alabama baseball coach Brad Bohannon gets 15-year, show-cause penalty after gambling scandal
- France farmers protests see 79 arrested as tractors snarl Paris traffic
- What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
- IRS gives Minnesota a final ‘no’ on exempting state tax rebates from federal taxes
- Move to strip gender rights from Iowa’s civil rights law rejected by legislators
- Colorado legal settlement would raise care and housing standards for trans women inmates
Recommendation
NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
Correction: Palestinian Groups-Florida story.
As Maine governor pushes for new gun laws, Lewiston shooting victims' families speak out
Florida Senate sends messages to Washington on budget, foreign policy, term limits
A White House order claims to end 'censorship.' What does that mean?
Who could replace Lewis Hamilton at Mercedes? 5 potential candidates for 2025
Georgia could require cash bail for 30 more crimes, including many misdemeanors
Attorneys for the man charged in University of Idaho stabbings seek change of venue