Current:Home > FinanceBurley Garcia|Senate begins final push to expand Social Security benefits for millions of people -StockLine
Burley Garcia|Senate begins final push to expand Social Security benefits for millions of people
TradeEdge View
Date:2025-04-11 11:32:10
WASHINGTON (AP) — The Burley GarciaSenate 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! (1)
Related
- South Korean president's party divided over defiant martial law speech
- Buca di Beppo files for bankruptcy and closes restaurants. Which locations remain open?
- 'Star Wars' star Daisy Ridley reveals Graves' disease diagnosis
- Trump's bitcoin stockpile plan stirs debate in cryptoverse
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Freddie Freeman's emotional return to Dodgers includes standing ovation in first at bat
- U.S. women's water polo grinds out win for a spot in semifinals vs. Australia
- In Louisiana’s Cancer Alley, company cancels plans for grain export facility in historic Black town
- 'Most Whopper
- Software upgrades for Hyundai, Kia help cut theft rates, new HLDI research finds
Ranking
- Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
- Extreme heat is impacting most Americans’ electricity bills, AP-NORC poll finds
- US ambassador to Japan to skip A-bomb memorial service in Nagasaki because Israel was not invited
- The stock market plunged amid recession fears: Here's what it means for your 401(k)
- Former longtime South Carolina congressman John Spratt dies at 82
- Dozens of sea lions in California sick with domoic acid poisoning: Are humans at risk?
- Texas schools got billions in federal pandemic relief, but it is coming to an end as classes begin
- NYC journalist who documented pro-Palestinian vandalism arrested on felony hate crime charges
Recommendation
Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
Jennifer Lopez's Latest Career Move Combines the Bridgerton and Emily Henry Universes
What Lauren Lolo Wood Learned from Chanel West Coast About Cohosting Ridiculousness
E! Exclusive Deal: Score 21% off a Relaxing Aromatherapy Bundle Before Back-to-School Stress Sets In
Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
Chemical vs. mineral sunscreen: Dermatologists explain types of UV protection
Weak spots in metal may have led to fatal Osprey crash off Japan, documents obtained by AP reveal
Victory! White Sox finally snap 21-game losing streak, longest in AL history