Current:Home > InvestFastexy:Senate begins final push to expand Social Security benefits for millions of people -AssetLink
Fastexy:Senate begins final push to expand Social Security benefits for millions of people
Surpassing View
Date:2025-04-07 19:12:37
WASHINGTON (AP) — The FastexySenate 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! (5)
Related
- Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
- Zayn Malik’s Foot Appears to Get Run Over by Car During Rare Public Appearance
- Inter Miami vs. El Salvador highlights: Lionel Messi plays a half in preseason debut
- Navajo Nation 'relieved' human remains didn't make it to the moon. Celestis vows to try again.
- Most popular books of the week: See what topped USA TODAY's bestselling books list
- How to prevent a hangover: hydrate, hydrate, hydrate
- Air pollution and politics pose cross-border challenges in South Asia
- Western New Mexico University president defends spending as regents encourage more work abroad
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- Father of American teen killed in West Bank by Israeli fire rails against US support for Israel
Ranking
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Sports Illustrated to undergo massive layoffs after licensing agreement is revoked
- Prince Harry drops libel lawsuit against Daily Mail publisher
- Christian McCaffrey’s 2nd TD rallies the 49ers to 24-21 playoff win over Jordan Love and the Packers
- Jamie Foxx reps say actor was hit in face by a glass at birthday dinner, needed stitches
- Maine's top election official asks state supreme court to review Trump ballot eligibility decision
- Social media and a new age of cults: Has the internet brought more power to manipulators?
- 911 calls from Maui capture pleas for the stranded, the missing and those caught in the fire’s chaos
Recommendation
Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
Pete Buttigieg’s Vision for America’s EV Future: Equitable Access, Cleaner Air, Zero Range Anxiety
Christian McCaffrey’s 2nd TD rallies the 49ers to 24-21 playoff win over Jordan Love and the Packers
Lawsuit seeks to have Karamo officially declared removed as Michigan GOP chairwoman
'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
Econ Battle Zone: Disinflation Confrontation
Grand jury seated Friday to consider criminal charges against officers in Uvalde school shooting
The Packers visit the 49ers for record-setting 10th playoff matchup