Current:Home > NewsSenate 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:2025-04-14 12:51:28
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! (538)
Related
- 'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
- Blake Lively Quips She’d Be an “A--hole” If She Did This
- 2024 NFL record projections: Chiefs rule regular season, but is three-peat ahead?
- Joe Biden's legacy after historic decision to give up 2024 reelection campaign
- Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
- Police chief shot dead days after activist, wife and daughter killed in Mexico
- Sam Smith couldn't walk for a month after a skiing accident: 'I was an idiot'
- Silicon Valley-backed voter plan for a new California city won’t be on the November ballot after all
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Lainey Wilson accidentally splits pants during tour
Ranking
- B.A. Parker is learning the banjo
- Taylor Swift could make it to quite a few Chiefs games this season. See the list
- Emma Hayes realistic about USWNT work needed to get back on top of world. What she said
- Joe Biden's legacy after historic decision to give up 2024 reelection campaign
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- Blake Lively and Gigi Hadid Are Simply the Perfect Match With Deadpool & Wolverine After-Party Looks
- 'Doing what she loved': Skydive pilot killed in plane crash near Niagara Falls
- Radical British preacher Anjem Choudary convicted of directing a terrorist group
Recommendation
Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
To Help Stop Malaria’s Spread, CDC Researchers Create a Test to Find a Mosquito That Is Flourishing Thanks to Climate Change
Secret Service director steps down after assassination attempt against ex-President Trump at rally
Who can challenge U.S. men's basketball at Paris Olympics? Power rankings for all 12 teams
New Zealand official reverses visa refusal for US conservative influencer Candace Owens
Pregnant Hailey Bieber Reveals She's Not “Super Close” With Her Family at This Point in Life
Here's what a Sam Altman-backed basic income experiment found
Dave Bayley of Glass Animals reflects on struggles that came after Heat Waves success, creative journey for new album