Current:Home > ScamsSenate 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
View
Date:2025-04-16 08:44:35
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! (97776)
Related
- Trump's 'stop
- Florida Legislature passes bill to release state grand jury’s Jeffrey Epstein investigation
- Target strikes deal with Diane von Furstenberg. Here's how much her clothes will cost.
- Dolly Parton spills on Cowboys cheerleader outfit, her iconic look: 'A lot of maintenance'
- Sam Taylor
- How Alabama's ruling that frozen embryos are 'children' could impact IVF
- Woman, 4 children and 3 dogs found dead after suspicious fire at Missouri home
- Vanderpump Rules’ Tom Sandoval Responds to Backlash Over O.J. Simpson and George Floyd Comparisons
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- Beyoncé becomes first Black woman to claim top spot on Billboard’s country music chart
Ranking
- Arkansas State Police probe death of woman found after officer
- Revenue soars for regulated US sports betting industry in 2023; total bets spike, too
- 3-year-old hospitalized after family's recreational vehicle plunged through frozen lake
- E-bike head trauma soars as helmet use falls, study finds
- South Korean president's party divided over defiant martial law speech
- 'Flying over water': Why this electric car-boat vehicle will move like a plane
- Family friend of Texas girl Audrii Cunningham facing charges in 11-year-old’s death, prosecutor says
- 11 years later, still no end to federal intervention in sight for New Orleans police
Recommendation
Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
Kate Spade Outlet's Novelty Shop Is The Best Kept Secret For Trendy Style, With Deals Starting at $19
Biden says he's considering additional sanctions on Russia over Alexey Navalny's death
How Sophie Turner Moved On After Her Divorce From Joe Jonas
Global Warming Set the Stage for Los Angeles Fires
Alice Paul Tapper to publish picture book inspired by medical misdiagnosis
Why isn’t desperately needed aid reaching Palestinians in Gaza?
Usher Reveals Swizz Beatz’ Reaction to Super Bowl Performance With Alicia Keys