Current:Home > reviewsSenate begins final push to expand Social Security benefits for millions of people -Wealth Impact Academy
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-18 01:24:53
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! (7974)
Related
- Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
- Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
- Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
- Sonya Massey's father decries possible release of former deputy charged with her death
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
- What do we know about the mysterious drones reported flying over New Jersey?
- Nearly half of US teens are online ‘constantly,’ Pew report finds
- The 401(k) millionaires club keeps growing. We'll tell you how to join.
Ranking
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- Where will Elmo go? HBO moves away from 'Sesame Street'
- What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
- A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
Recommendation
Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
Where will Elmo go? HBO moves away from 'Sesame Street'
Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
Meta releases AI model to enhance Metaverse experience
Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'