Current:Home > InvestSenate begins final push to expand Social Security benefits for millions of people -Dynamic Wealth Solutions
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-17 07:04:41
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! (314)
Related
- Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
- No hate crime charges filed against man who yelled racist slurs at Utah women’s basketball team
- North Carolina may join other states in codifying antisemitism definition
- Oklahoma City Thunder top Dallas Mavericks in Game 1, make NBA history in process
- Don't let hackers fool you with a 'scam
- Masked burglars steal $250,000 from Atlanta strip club after breaking in through ceiling, police say
- Mega Millions winning numbers for May 7 drawing: Jackpot rises to $331 million
- Alabama schedules second execution by nitrogen gas
- 'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
- RFK Jr. says he suffered from a parasitic brain worm and mercury poisoning
Ranking
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- Beyoncé does viral Drea Kelly dance to her song 'II Hands II Heaven' in new post
- Couple and a dog killed after mobile home explosion leaves 'large debris field' in Minnesota
- Boeing Starliner launch delayed to at least May 17 for Atlas 5 rocket repair
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Court rejects Hunter Biden’s appeal in gun case, setting stage for trial to begin next month
- New York City’s watchdog agency launches probe after complaints about the NYPD’s social media use
- Undercover operation nets arrests as New Mexico’s top prosecutor blames Meta for online predators
Recommendation
'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
Retired pro wrestler who ran twice for Congress pleads not guilty in Las Vegas murder case
Jelly Roll completes 5K after 70-pound weight loss: 'Really emotional'
Israel tank unit takes control of Gaza side of Rafah border crossing as Netanyahu rejects cease-fire proposal
From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
Charlotte Hornets hire Celtics assistant coach Charles Lee to be their next head coach
27 Non-Alcoholic Beverages For Refreshing Spring & Summer Mocktails
9 of 10 wrongful death suits over Astroworld crowd surge have been settled, lawyer says