Current:Home > StocksSenate begins final push to expand Social Security benefits for millions of people -消息
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-12 04:37:29
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! (16729)
Related
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- Last call at 4 a.m. in California? Governor says yes for one private club in LA Clippers’ new arena
- Amazon Prime Big Deal Days 2024: What to know about the sales event and preview of deals
- Padres sweep Braves to set up NLDS showdown vs. rival Dodgers: Highlights
- Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon
- TikTok star 'Mr. Prada' arrested after Baton Rouge therapist found dead in tarp along road
- Why The Bear’s Joel McHale Really, Really Likes Knives
- Luke Bryan Explains Why Beyoncé Was Snubbed at 2024 CMA Awards
- Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
- Amazon Pulls Kim Porter’s Alleged Memoir After Her Kids Slam Claim She Wrote a Book
Ranking
- Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
- Helene will likely cause thousands of deaths over decades, study suggests
- Georgia attorney general appeals a judge’s rollback of abortion ban
- Comedian Jeff Wittek Says He Saw Live Sex at Sean Diddy Combs' Freak-Off Party
- The Daily Money: Spending more on holiday travel?
- Owners of certain Chevrolet, GMC trucks can claim money in $35 million settlement
- Pete Rose takes photo with Reds legends, signs autographs day before his death
- Matthew Perry's Doctor Mark Chavez Pleads Guilty to One Count in Ketamine Death Case
Recommendation
EU countries double down on a halt to Syrian asylum claims but will not yet send people back
Parole rescinded for former LA police detective convicted of killing her ex-boyfriend’s wife in 1986
Rare whale died of chronic entanglement in Maine fishing gear
Massachusetts governor puts new gun law into effect immediately
A South Texas lawmaker’s 15
The Krabby Patty is coming to Wendy's restaurants nationwide for a limited time. Yes, really.
Raiders' Antonio Pierce dodges Davante Adams trade questions amid rumors
1000-Lb. Sisters’ Amy Slaton Breaks Down in Tears Over Michael Halterman Split