Current:Home > NewsEchoSense:Senate begins final push to expand Social Security benefits for millions of people -EverVision Finance
EchoSense:Senate begins final push to expand Social Security benefits for millions of people
Algosensey Quantitative Think Tank Center View
Date:2025-04-10 22:14:37
WASHINGTON (AP) — The EchoSenseSenate 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! (34)
Related
- Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
- What do we know about the mysterious drones reported flying over New Jersey?
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- All That You Wanted to Know About She’s All That
- Highlights from Trump’s interview with Time magazine
- A South Texas lawmaker’s 15
- A South Texas lawmaker’s 15
- Biden administration makes final diplomatic push for stability across a turbulent Mideast
- Buckingham Palace staff under investigation for 'bar brawl'
- The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
Ranking
- Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
- A South Texas lawmaker’s 15
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
- SFO's new sensory room helps neurodivergent travelers fight flying jitters
- Louvre will undergo expansion and restoration project, Macron says
- South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
Recommendation
B.A. Parker is learning the banjo
Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
Behind on your annual reading goal? Books under 200 pages to read before 2024 ends
This was the average Social Security benefit in 2004, and here's what it is now
The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health