Current:Home > ContactSenate begins final push to expand Social Security benefits for millions of people -MacroWatch
Senate begins final push to expand Social Security benefits for millions of people
EchoSense Quantitative Think Tank Center View
Date:2025-04-06 04:15:40
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! (446)
Related
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- For the First Time in Nearly Two Decades, the EPA Announces New Rules to Limit Toxic Air Pollutants From Chemical and Plastics Plants
- ‘Green Steel’ Would Curb Carbon Emissions, Spur Economic Revival in Southwest Pennsylvania, Study Says
- Suspected Long Island Serial Killer in Custody After Years-Long Manhunt
- Moving abroad can be expensive: These 5 countries will 'pay' you to move there
- Matt Damon Shares How Wife Luciana Helped Him Through Depression
- Some will starve, many may die, U.N. warns after Russia pulls out of grain deal
- A University of Maryland Health Researcher Probes the Climate Threat to Those With Chronic Diseases
- See you latte: Starbucks plans to cut 30% of its menu
- How Auditing Giant KPMG Became a Global Sustainability Leader While Serving Companies Accused of Forest Destruction
Ranking
- Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
- Inside Penelope Disick's 11th Birthday Trip to Hawaii With Pregnant Mom Kourtney Kardashian and Pals
- Margot Robbie, Matt Damon and More Stars Speak Out as SAG-AFTRA Goes on Strike
- Biden Power Plant Plan Gives Industry Time, Options for Cutting Climate Pollution
- South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
- Here Are The Biggest Changes The Summer I Turned Pretty Season 2 Made From the Books
- Why Lola Consuelos Is Happy to Be Living Back At Home With Mark Consuelos and Kelly Ripa After College
- Washington’s Treasured Cherry Blossoms Prompt Reflection on Local Climate Change
Recommendation
Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
Halle Bailey’s Boyfriend DDG Seemingly Shades Her in New Song
Aruba Considers Enshrining the ‘Rights of Nature’ in Its Constitution
What’s the Future of Gas Stations in an EV World?
Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
Shell Refinery Unit Had History of Malfunctions Before Fire
Marylanders Overpaid $1 Billion in Excessive Utility Bills. Some Lawmakers and Advocates Are Demanding Answers
You Must See the New Items Lululemon Just Added to Their We Made Too Much Page