Current:Home > InvestSenate begins final push to expand Social Security benefits for millions of people -Secure Growth Solutions
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-16 18:10:06
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
- Meta donates $1 million to Trump’s inauguration fund
- TikTok and Meta challenge Europe’s new rules that crack down on digital giants
- Supplies alone won’t save Gaza hospital patients and evacuation remains perilous, experts say
- Business lobby attacks as New York nears a noncompete ban, rare in the US
- Oklahoma parole board recommends governor spare the life of man on death row
- Mississippi governor rejects revenue estimate, fearing it would erode support for income tax cut
- Why buying groceries should be less painful in the months ahead
- Common passwords like 123456 and admin take less than a second to crack, research shows
- Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
- Spain’s Pedro Sánchez expected to be reelected prime minister despite amnesty controversy
Ranking
- Kourtney Kardashian Cradles 9-Month-Old Son Rocky in New Photo
- Senate votes to pass funding bill and avoid government shutdown. Here's the final vote tally.
- Demonstrators calling for Gaza cease-fire block bridge in Boston
- New protests in Greece over Roma youth’s fatal shooting by police following car chase
- Illinois Gov. Pritzker calls for sheriff to resign after Sonya Massey shooting
- Why Dean McDermott Says a Pig and a Chicken Played a Role in Tori Spelling Marital Problems
- Report: Roger Waters denied hotel stays in Argentina and Uruguay over allegations of antisemitism
- David Schwimmer shared this photo in honor of Matthew Perry: 'It makes me smile and grieve'
Recommendation
'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
Is your broadband speed slow? A Wif-Fi 7 router can help, but it won't be cheap.
Microgrids Can Bolster Creaky Electricity Systems, But Most States Do Little to Encourage Their Development
Long-haul carrier Emirates orders 15 Airbus A350 after engine dispute during Dubai Air Show
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
Thousands of Starbucks workers are expected to go on a one-day strike
'Napoleon' movie: Cast, release date and details on film starring Joaquin Phoenix
Democrat Biberaj concedes in hard-fought northern Virginia prosecutor race