Current:Home > ContactSenate begins final push to expand Social Security benefits for millions of people -TradeWisdom
Senate begins final push to expand Social Security benefits for millions of people
Will Sage Astor View
Date:2025-04-07 19:52:05
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! (3)
Related
- Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
- This company adopted AI. Here's what happened to its human workers
- You Don’t Need to Buy a Vowel to Enjoy Vanna White's Style Evolution
- BaubleBar 4th of July Sale: These $10 Deals Are Red, White and Cute
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- What if AI could rebuild the middle class?
- Cooling Pajamas Under $38 to Ditch Sweaty Summer Nights
- Celebrating Victories in Europe and South America, the Rights of Nature Movement Plots Strategy in a Time of ‘Crises’
- Intellectuals vs. The Internet
- You Don’t Need to Buy a Vowel to Enjoy Vanna White's Style Evolution
Ranking
- Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
- In BuzzFeed fashion, 5 takeaways from Ben Smith's 'Traffic'
- Find Out What the Stars of Secret Life of the American Teenager Are Up to Now
- When the Power Goes Out, Who Suffers? Climate Epidemiologists Are Now Trying to Figure That Out
- The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
- The US May Have Scored a Climate Victory in Congress, but It Will Be in the Hot Seat With Other Major Emitters at UN Climate Talks
- Tracking the impact of U.S.-China tensions on global financial institutions
- Daniel Radcliffe Reveals Sex of His and Erin Darke’s First Baby
Recommendation
New data highlights 'achievement gap' for students in the US
Opinion: The global gold rush puts the Amazon rainforest at greater risk
The U.S. could run out of cash to pay its bills by June 1, Yellen warns Congress
Beauty TikToker Mikayla Nogueira Marries Cody Hawken
Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
Fossil Fuels Aren’t Just Harming the Planet. They’re Making Us Sick
Elon Musk says 'I've hired a new CEO' for Twitter
Pregnant Lindsay Lohan Shares New Selfie as She Celebrates Her 37th Birthday