Current:Home > reviewsSenate begins final push to expand Social Security benefits for millions of people -ProfitPoint
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-21 16:40:20
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! (19)
Related
- A South Texas lawmaker’s 15
- 'Could've been an email': House of the Dragon finale leaves fans wanting more
- Billy Ray Cyrus Settles Divorce From Firerose After Alleged Crazy Insane Scam
- NY homeowner testifies that RFK Jr. rents a room at trial disputing whether he lives in the state
- The Louvre will be renovated and the 'Mona Lisa' will have her own room
- Bloomberg gives $600 million to four Black medical schools’ endowments
- T.I. arrested over case of mistaken identity, quickly released
- Elon Musk sues OpenAI, renewing claims ChatGPT-maker put profits before ‘the benefit of humanity’
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- The Small Business Administration expands clean energy loan program
Ranking
- Tree trimmer dead after getting caught in wood chipper at Florida town hall
- What are the best tax advising companies? Help USA TODAY rank the top US firms
- Jordan Chiles' Olympic Bronze in Floor Final: Explaining Her Jaw-Dropping Score Change
- Michigan man pleads no contest to failing to store gun that killed 5-year-old grandson
- DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
- Sam Kendricks wins silver in pole vault despite bloody, punctured hand
- Taylor Swift adds five opening acts to her August Wembley shows. See the women she picked
- Northrop Grumman spacecraft hitches ride on SpaceX rocket for NASA resupply mission
Recommendation
Bodycam footage shows high
UK prime minister talks of ‘standing army’ of police to deal with rioting across Britain
UK prime minister talks of ‘standing army’ of police to deal with rioting across Britain
Kehlani's ex demands custody of their daughter, alleges singer is member of a 'cult'
US appeals court rejects Nasdaq’s diversity rules for company boards
CrowdStrike and Delta fight over who’s to blame for the airline canceling thousands of flights
Woman killed in deadly stabbing inside California Walmart
Instructor charged with manslaughter in Pennsylvania plane crash that killed student pilot