Current:Home > ContactEthermac Exchange-Senate begins final push to expand Social Security benefits for millions of people -MacroWatch
Ethermac Exchange-Senate begins final push to expand Social Security benefits for millions of people
Chainkeen View
Date:2025-04-06 22:55:11
WASHINGTON (AP) — The Ethermac ExchangeSenate 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! (64)
Related
- Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
- EBay will pay $59 million settlement over pill presses sold online as US undergoes overdose epidemic
- Tampa road rage shooting leaves 4-year-old girl injured, man faces 15 charges
- EBay will pay $59 million settlement over pill presses sold online as US undergoes overdose epidemic
- Former Danish minister for Greenland discusses Trump's push to acquire island
- Fulton County says cyberattack did not impact Trump election interference case
- Bud brings back Clydesdales as early Super Bowl ad releases offer up nostalgia, humor, celebrities
- Exclusive: Kris Jenner on her first Super Bowl commercial and future of 'Kardashians' show
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- 'Capote vs The Swans' review: FX's new season of 'Feud' is deathly cold-blooded
Ranking
- Arkansas State Police probe death of woman found after officer
- Alaska governor pitches teacher bonuses as debate over education funding dominates session
- Taylor Swift, Bad Bunny and others may vanish from TikTok as licensing dispute boils over
- The mystery of Amelia Earhart has tantalized for 86 years: Why it's taken so long to solve
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- For Chicago's new migrants, informal support groups help ease the pain and trauma.
- Wray warns Chinese hackers are aiming to 'wreak havoc' on U.S. critical infrastructure
- Syphilis cases rise to their highest levels since the 1950s, CDC says
Recommendation
'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
Hacked-up bodies found inside coolers aboard trucks — along with warning message from Mexican cartel
EBay will pay $59 million settlement over pill presses sold online as US undergoes overdose epidemic
Chiefs vs. 49ers 2024: Vegas odds for spread, moneyline, over/under
What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
Mega Millions jackpot climbs to $333 million for January 30 drawing. See winning numbers
Family says Georgia soldier killed in Jordan drone attack was full of life
Golden Bachelor Stars Join Joey Graziadei's Journey—But It's Not What You Think