Current:Home > FinanceEthermac|Senate begins final push to expand Social Security benefits for millions of people -CapitalWay
Ethermac|Senate begins final push to expand Social Security benefits for millions of people
Rekubit View
Date:2025-04-09 01:49:07
WASHINGTON (AP) — The EthermacSenate 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! (33)
Related
- Intellectuals vs. The Internet
- Kim Zolciak Won't Be Tardy to Drop Biermann From Her Instagram Name
- How Britney Spears and Sam Asghari Are Celebrating Their Wedding Anniversary
- Multiple shark attacks reported off New York shores; 50 sharks spotted at one beach
- Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
- The Summer I Turned Pretty Season 2 Teaser Features New Version of Taylor Swift's Song August
- Pairing Wind + Solar for Cheaper, 24-Hour Renewable Energy
- Planning for a Climate Crisis Helped a Small Indonesian Island Battle Covid-19
- Highlights from Trump’s interview with Time magazine
- What's closed and what's open on the Fourth of July?
Ranking
- Intel's stock did something it hasn't done since 2022
- Joey Chestnut remains hot dog eating champ. Here's how many calories he consumed during the event.
- Confidential Dakota Pipeline Memo: Standing Rock Not a Disadvantaged Community Impacted by Pipeline
- Activists sue Harvard over legacy admissions after affirmative action ruling
- The Best Stocking Stuffers Under $25
- July Fourth hot dog eating contest men's competition won by Joey Chestnut with 62 hot dogs and buns
- NASCAR contractor electrocuted to death while setting up course for Chicago Street Race
- Seeing Clouds Clearly: Are They Cooling Us Down or Heating Us Up?
Recommendation
NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
All-transgender and nonbinary hockey team offers players a found family on ice
The EPA Proposes a Ban on HFC-23, the Most Potent Greenhouse Gas Among Hydrofluorocarbons, by October 2022
Get $95 Worth of Peter Thomas Roth Skincare Masks for 50% Off
The Best Stocking Stuffers Under $25
Can Illinois Handle a 2000% Jump in Solar Capacity? We’re About to Find Out.
With Hurricanes and Toxic Algae, Florida Candidates Can’t Ignore the Environment
In a Warming World, Hurricanes Weaken More Slowly After They Hit Land