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:2025-04-15 23:15:47
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! (563)
Related
- DoorDash steps up driver ID checks after traffic safety complaints
- GOP Reps. Barr and Guthrie seek House chairs with their Kentucky reelection bids
- Voters deciding dozens of ballot measures affecting life, death, taxes and more
- Toss-up congressional races in liberal California could determine House control
- Buckingham Palace staff under investigation for 'bar brawl'
- Florida Sen. Rick Scott seeks reelection with an eye toward top GOP leadership post
- Democrats hope to keep winning streak alive in Washington governor’s race
- John Barrasso, Wyoming’s high-ranking Republican U.S. senator, seeks 3rd full term
- Grammy nominee Teddy Swims on love, growth and embracing change
- Democratic Sen. Amy Klobuchar is a heavy favorite to win 4th term against ex-NBA player Royce White
Ranking
- John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
- Pregnant Gisele Bündchen and Boyfriend Joaquim Valente Bond With Her Kids in Miami
- Republican Mike Braun faces Republican-turned-Democrat Jennifer McCormick in Indiana governor’s race
- The Sephora Savings Event Is Finally Open to Everyone: Here Are Products I Only Buy When They’re on Sale
- North Carolina justices rule for restaurants in COVID
- Nancy Mace tries to cement her hold on her US House seat in South Carolina
- Who is Steve Kornacki? What to know about MSNBC anchor breaking down election results
- Are schools closed on Election Day? Here's what to know before polls open
Recommendation
The Daily Money: Spending more on holiday travel?
Sign of the times in front yard political wars: A campaign to make America laugh again
After Disasters, Whites Gain Wealth, While People of Color Lose, Research Shows
The GOP expects to keep Kansas’ open House seat. Democratic Rep. Davids looks tough to beat
IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
These farm country voters wish presidential candidates paid them more attention
Za'Darius Smith trade grades: Who won deal between Lions, Browns?
Who is Steve Kornacki? What to know about MSNBC anchor breaking down election results