Current:Home > ContactSenate begins final push to expand Social Security benefits for millions of people -Wealth Legacy Solutions
Senate begins final push to expand Social Security benefits for millions of people
Algosensey Quantitative Think Tank Center View
Date:2025-03-11 10:18:16
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! (247)
prev:Intellectuals vs. The Internet
next:'Most Whopper
Related
- Former longtime South Carolina congressman John Spratt dies at 82
- Snow piles up in North Dakota as region’s first major snowstorm of the season moves eastward
- Indian company that makes EV battery materials to build its first US plant in North Carolina
- What happened to the internet without net neutrality?
- Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
- Outside voices call for ‘long overdue’ ‘good governance’ reform at Virginia General Assembly
- Augusta National not changing Masters qualifying criteria for LIV golfers in 2024
- 'Naked Attraction' offers low-hanging fruit
- Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
- Special counsel accuses Trump of 'threatening' Meadows following ABC News report
Ranking
- Toyota to invest $922 million to build a new paint facility at its Kentucky complex
- Senegalese opposition leader Sonko regains consciousness but remains on hunger strike, lawyer says
- Billboard Music Awards 2023 Finalists: See the Complete List
- Dalvin Cook says he's 'frustrated' with role in Jets, trade rumors 'might be a good thing'
- New Zealand official reverses visa refusal for US conservative influencer Candace Owens
- 1 of 4 men who escaped from a central Georgia jail has been caught, authorities say
- Former Ohio State OL Dawand Jones suspected Michigan had Buckeyes' signs during 2022 game
- Javelinas tore up an Arizona golf course. Now some are arguing about its water use
Recommendation
New data highlights 'achievement gap' for students in the US
From country to pop, 2014 nostalgia to 2023 reality — it’s time for Taylor Swift’s ‘1989'
Huawei reports its revenue inched higher in January-September despite US sanctions
Attorneys for Mel Tucker, Brenda Tracy agree on matter of cellphone messages
Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
Africa’s fashion industry is booming, UNESCO says in new report but funding remains a key challenge
2% of kids and 7% of adults have gotten the new COVID shots, US data show
Captured albino python not the 'cat-eating monster' Oklahoma City community thought