Current:Home > FinanceSenate begins final push to expand Social Security benefits for millions of people -DollarDynamic
Senate begins final push to expand Social Security benefits for millions of people
FinLogic FinLogic Quantitative Think Tank Center View
Date:2025-04-08 03:59:55
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! (26916)
Related
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
- Canelo Álvarez defeats Jaime Munguía by unanimous decision: Round-by-round analysis
- I-95 in Connecticut reopens after flaming crash left it closed for days
- Bernard Hill, Titanic and The Lord of the Rings Actor, Dead at 79
- NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
- Police searching for clandestine crematorium in Mexico say bones found around charred pit are of animal origin
- Bruins or Maple Leafs? Predicting who wins Game 7 and goes to second round
- ‘The Fall Guy’ gives Hollywood a muted summer kickoff with a $28.5M opening
- Senate begins final push to expand Social Security benefits for millions of people
- Beyoncé collaborators Willie Jones, Shaboozey and the conflict of being Black in country music
Ranking
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- ‘Reprehensible and dangerous’: Jewish groups slam Northwestern University for deal with activists
- 1 person killed and 23 injured in a bus crash in northern Maryland, police say
- Hold onto your Sriracha: Huy Fong Foods halts production. Is another shortage coming?
- Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
- Stay Bug- & Itch-Free with These Essentials for Inside & Outside Your Home
- Walgreens limits Gummy Mango candy sales to one bag per customer
- Frank Stella, artist renowned for blurring the lines between painting and sculpture, dies at 87
Recommendation
Pressure on a veteran and senator shows what’s next for those who oppose Trump
Lando Norris earns 1st career F1 victory by ending Verstappen’s dominance at Miami
Morgan Wallen's next court appearance date set in Nashville rooftop chair throwing case
Walgreens limits Gummy Mango candy sales to one bag per customer
Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
Israel's Netanyahu is determined to launch a ground offensive in Rafah. Here's why, and why it matters.
'Will Palestine still exist when this war is over?' My answers to my children's questions.
rue21 files for bankruptcy for the third time, all stores to close