Current:Home > ContactTradeEdge-Senate begins final push to expand Social Security benefits for millions of people -VisionFunds
TradeEdge-Senate begins final push to expand Social Security benefits for millions of people
Will Sage Astor View
Date:2025-04-06 16:29:09
WASHINGTON (AP) — The TradeEdgeSenate 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
- Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
- Trump is safe after shots were reported in his vicinity in Florida, Secret Service and campaign say
- Emmy Awards 2024 live updates: 'The Bear,' 'Baby Reindeer' win big early
- King Charles III and Prince William wish Prince Harry a happy birthday amid family rift
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- 'Rarefied air': Ganassi's Alex Palou wins third IndyCar title in four years
- Taylor Swift's Mom Andrea Swift Wears Sweet Tribute to Travis Kelce at Chiefs Game
- Mike Lindell's company MyPillow sued by DHL over $800,000 in allegedly unpaid bills
- The White House is cracking down on overdraft fees
- 3 dead, 2 injured in Arizona tractor-trailer crash
Ranking
- 'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
- Brian Kelly bandwagon empties, but LSU football escapes disaster against South Carolina
- A ‘Trump Train’ convoy surrounded a Biden-Harris bus. Was it political violence?
- 2024 Emmys: Dan Levy Reveals Eugene Levy Missed Out on This Massive TV Role
- Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
- Mike Lindell's company MyPillow sued by DHL over $800,000 in allegedly unpaid bills
- Another World Series hangover. Defending champion Rangers fail to repeat
- Emmy Awards: A partial list of top winners
Recommendation
Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
'Far too brief': Ballerina Michaela DePrince, who danced for Beyoncé, dies at age 29
Which candidate is better for tech innovation? Venture capitalists divided on Harris or Trump
Why Hacks Star Hannah Einbinder's Mom Slammed The Bear After 2024 Emmy Wins
Don't let hackers fool you with a 'scam
Texas on top! Longhorns take over at No. 1 in AP Top 25 for first time in 16 years, jumping Georgia
Texas QB Quinn Ewers exits with injury. Arch Manning steps in against Texas-San Antonio
This city is hailed as a vaccination success. Can it be sustained?