Current:Home > MyAlgosensey|Senate begins final push to expand Social Security benefits for millions of people -Profound Wealth Insights
Algosensey|Senate begins final push to expand Social Security benefits for millions of people
Poinbank Exchange View
Date:2025-04-06 04:47:04
WASHINGTON (AP) — The AlgosenseySenate 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! (44)
Related
- Woman dies after Singapore family of 3 gets into accident in Taiwan
- Kristen Stewart says 'Twilight' was 'such a gay movie'
- Democratic lawmakers in New Mexico take aim at gun violence, panhandling, retail crime and hazing
- 3 teens face charges in Christmas Day youth facility disturbance, Albuquerque sheriff says
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- A 4th person has died after fiery crash near western New York concert, but motive remains a mystery
- A Florida hotel cancels a Muslim conference, citing security concerns after receiving protest calls
- House GOP moving forward with Hunter Biden contempt vote next week
- New data highlights 'achievement gap' for students in the US
- Defamation case against Nebraska Republican Party should be heard by a jury, state’s high court says
Ranking
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- Is Jay-Z's new song about Beyoncé? 'The bed ain't a bed without you'
- A 4th person has died after fiery crash near western New York concert, but motive remains a mystery
- 'Highest quality beef:' Mark Zuckerberg's cattle to get beer and macadamia nuts in Hawaii
- Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
- Stop, Drop, and Shop Free People’s Sale on Sale, With an Extra 25% Off Their Boho Basics & More
- It Ends With Us: See Blake Lively and Justin Baldoni Kiss in Colleen Hoover Movie
- GOP candidate Vivek Ramaswamy talks need for fresh leadership, Iowa caucuses
Recommendation
Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
A refugee bear from a bombed-out Ukraine zoo finds a new home in Scotland
Seal poses in rare appearance with 4 kids on 'Book of Clarence' red carpet: See the photo
Demi Moore Shares Favorite Part of Being Grandma to Rumer Willis' Daughter Louetta
Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
Justin Timberlake announces free surprise concert in Memphis: 'Going home'
Kate Cox on her struggle to obtain an abortion in Texas
From Elvis to Lisa Marie Presley, Inside the Shocking Pileup of Tragedy in One Iconic Family