Current:Home > ScamsTrendPulse|Senate begins final push to expand Social Security benefits for millions of people -AssetScope
TrendPulse|Senate begins final push to expand Social Security benefits for millions of people
TradeEdge View
Date:2025-04-06 15:05:25
WASHINGTON (AP) — The TrendPulseSenate 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! (57877)
Related
- Travis Hunter, the 2
- OpenAI's new text-to-video tool, Sora, has one artificial intelligence expert terrified
- Mega Millions winning numbers for Friday night's $457 million jackpot
- Get Caught Up in Sydney Sweeney's Euphoric People's Choice Awards 2024 Outfit
- Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
- Adam Sandler jokingly confuses People's Choice Awards honor for 'Sexiest Man Alive' title
- What to know about the debut of Trump's $399 golden, high-top sneakers
- Navalny’s widow vows to continue his fight against the Kremlin and punish Putin for his death
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- Sabrina Bryan Reveals Where She Stands With Her Cheetah Girls Costars Today
Ranking
- Trump invites nearly all federal workers to quit now, get paid through September
- Sacramento State's Matt Masciangelo was hit an astounding 8 times in 9 at-bats
- 'Oppenheimer' wins 7 prizes, including best picture, at British Academy Film Awards
- Chris Brown says he was disinvited from NBA All-Star Celebrity Game due to controversies
- Could your smelly farts help science?
- California again braces for flooding as another wet winter storm hits the state
- Harry Styles Debuts Winning Haircut During Rare Public Appearance at Soccer Game
- California again braces for flooding as another wet winter storm hits the state
Recommendation
Retirement planning: 3 crucial moves everyone should make before 2025
Bryce Harper wants longer deal with Phillies to go in his 40s, accepts move to first base
Beyoncé explains why she 'cut all my hair off' in 2013: 'I became super brave'
Feds Deny Permits for Hydro Projects on Navajo Land, Citing Lack of Consultation With Tribes
Rylee Arnold Shares a Long
'Oppenheimer' wins best picture at 2024 BAFTA Awards, the British equivalent of Oscars
Kingsley Ben-Adir on why he's choosing to not use Patois language after filming Bob Marley
Astronomers find what may be the universe’s brightest object with a black hole devouring a sun a day