Current:Home > ContactSenate begins final push to expand Social Security benefits for millions of people -Momentum Wealth Path
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-19 08:44:57
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! (6)
Related
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- Missed watching 'The Doomsday Prophet: Truth and Lies' on TV? Here's where to stream it.
- Legendary choreographer Fatima Robinson on moving through changes in dance
- Salad kit from Bristol Farms now included in listeria-related recalls as outbreak grows
- What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
- Prince Harry Shares Royally Sweet Update on His and Meghan Markle’s Kids Archie and Lili
- After feud, Mike Epps and Shannon Sharpe meet in person: 'I showed him love'
- Donor heart found for NBA champion, ‘Survivor’ contestant Scot Pollard
- Why members of two of EPA's influential science advisory committees were let go
- About that AMC Networks class action lawsuit settlement email. Here's what it means to you
Ranking
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- Deadly shooting locks down a Colorado college
- Auto workers threaten to strike again at Ford’s huge Kentucky truck plant in local contract dispute
- Will the country music establishment embrace Beyoncé? Here's how to tell, according to experts
- Why members of two of EPA's influential science advisory committees were let go
- Polar bears stuck on land longer as ice melts, face greater risk of starvation, researchers say
- Taylor Swift Donates $100,000 to Family of Woman Killed During Kansas City Chiefs Parade
- How the Navy came to protect cargo ships
Recommendation
IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
Putin claims he favors more predictable Biden over Trump
8 states restricted sex ed last year. More could join amid growing parents' rights activism
Amazon’s Presidents’ Day Sale Has Thousands of Deals- Get 68% off Dresses, $8 Eyeshadow, and More
Trump's 'stop
Why Love Is Blind Is Like Marriage Therapy For Vanessa Lachey and Nick Lachey
Justice Department watchdog issues blistering report on hundreds of inmate deaths in federal prisons
8 states restricted sex ed last year. More could join amid growing parents' rights activism