Current:Home > MarketsSenate 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:2025-04-12 18:06:13
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! (3323)
Related
- 'We're reborn!' Gazans express joy at returning home to north
- JD Vance makes solo debut as GOP vice presidential candidate with Monday rallies in Virginia, Ohio
- Utah death row inmate who is imprisoned for 1998 murder asks parole board for mercy ahead of hearing
- Kate Middleton Shares Royally Sweet Photo of Prince George in Honor of His 11th Birthday
- Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
- Higher tax rates, smaller child tax credit and other changes await as Trump tax cuts end
- Evacuations lifted for Salt Lake City fire that triggered evacuations near state Capitol
- Emotional Baseball Hall of Fame speeches filled with humility, humor, appreciation
- This was the average Social Security benefit in 2004, and here's what it is now
- Israeli airstrikes kill at least 13 people in Gaza refugee camps as cease-fire talks grind on
Ranking
- A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
- Get 80% Off Banana Republic, an Extra 60% Off Gap Clearance, 50% Off Le Creuset, 50% Off Ulta & More
- One teen is killed and eight others are wounded in shooting at Milwaukee park party, police say
- Biden’s decision to drop out leaves Democrats across the country relieved and looking toward future
- Sam Taylor
- 'Walks with Ben': Kirk Herbstreit to start college football interview project with dog
- Adidas pulls Bella Hadid ad from campaign linked to 1972 Munich Olympics after Israeli criticism
- Cell phones, clothes ... rent? Inflation pushes teens into the workforce
Recommendation
Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
Trump holds first rally with running mate JD Vance
Maine state trooper injured after cruiser rear-ended, hits vehicle he pulled over during traffic stop
Woman stabbed at Miami International Airport, critically injured
B.A. Parker is learning the banjo
12-year-old girl charged with killing 8-year-old cousin over iPhone in Tennessee
Powerball winning numbers for July 20 drawing: Jackpot now worth $102 million
Secret Service admits some security modifications for Trump were not provided ahead of assassination attempt