Current:Home > MarketsSenate begins final push to expand Social Security benefits for millions of people -文件: temp/data/webname/news/nam2.txt
Senate begins final push to expand Social Security benefits for millions of people
NovaQuant View
Date:2025-04-10 18:52:48
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! (91973)
Related
- Small twin
- SEC chair denies a bitcoin ETF has been approved, says account on X was hacked
- Georgia passes Michigan, Alabama in early 2025 CFP National Championship odds
- Selena Gomez Announces Social Media Break After Golden Globes Drama
- Immigration issues sorted, Guatemala runner Luis Grijalva can now focus solely on sports
- Franz Beckenbauer, World Cup winner for Germany as both player and coach, dies at 78
- Astrobotic says its Peregrine lunar lander won't make planned soft landing on the moon due to propellant leak
- Angela Bassett, Mel Brooks earn honorary Oscars from film Academy at Governors Awards
- Retirement planning: 3 crucial moves everyone should make before 2025
- Kaitlyn Dever tapped to join Season 2 of 'The Last of Us'
Ranking
- Small twin
- This Avengers Alum Is Joining The White Lotus Season 3
- Jimmy John's Kickin' Ranch is leaving. Here's how you can get a bottle of it for 1 cent.
- Boy George reveals he's on Mounjaro for weight loss in new memoir: 'Isn't everyone?'
- Hidden Home Gems From Kohl's That Will Give Your Space a Stylish Refresh for Less
- Designated Survivor Actor Adan Canto Dead at 42
- DeSantis says nominating Trump would make 2024 a referendum on the ex-president rather than Biden
- Selena Gomez Announces Social Media Break After Golden Globes Drama
Recommendation
From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
Record-breaking cold threatens to complicate Iowa’s leadoff caucuses as snowy weather cancels events
Israel taps top legal minds, including a Holocaust survivor, to battle genocide claim at world court
Joey Fatone, AJ McLean promise joint tour will show 'magic of *NSYNC, Backstreet Boys'
Mega Millions winning numbers for August 6 drawing: Jackpot climbs to $398 million
Virginia police pull driver out of burning car after chase, bodycam footage shows
Georgia passes Michigan, Alabama in early 2025 CFP National Championship odds
A teen on the Alaska Airlines flight had his shirt ripped off when the door plug blew. A stranger tried to help calm him down.