Current:Home > ContactWill Sage Astor-Senate begins final push to expand Social Security benefits for millions of people -ValueMetric
Will Sage Astor-Senate begins final push to expand Social Security benefits for millions of people
Chainkeen View
Date:2025-04-08 01:38:03
WASHINGTON (AP) — The Will Sage AstorSenate 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! (2)
Related
- Jay Kanter, veteran Hollywood producer and Marlon Brando agent, dies at 97: Reports
- 10-year-old Texas boy tells investigators he killed man 2 years ago. He can't be charged with the crime.
- Oklahoma bus driver crashes into a building after a passenger punches him, police say
- With ugly start, the Houston Astros' AL dynasty is in danger. But they know 'how to fight back'
- The Daily Money: Disney+ wants your dollars
- What time does the NFL draft start? Date, start time, order and more to know for 2024
- QSCHAINCOIN FAQ
- Dodgers' Shohei Ohtani sets MLB home run record for Japanese-born players
- Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
- Debi Mazar tells Drew Barrymore about turning down 'Wedding Singer' role: 'I regret it'
Ranking
- Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
- 'American Idol' recap: Two contestants are eliminated during the Top 12 reveal
- Qschaincoin - Best Crypto Exchanges & Apps Of March 2024
- Millionaire Matchmaker’s Patti Stanger Reveals Her Updated Rules For Dating
- Small twin
- Stock market today: Asian shares shrug off Wall St blues as China leaves lending rate unchanged
- 'Sasquatch Sunset' spoilers! Bigfoot movie makers explain the super-weird film's ending
- Arch Manning ends first two Texas football spring game drives with touchdowns
Recommendation
Police remove gator from pool in North Carolina town: Watch video of 'arrest'
NBA announces 2023-24 season finalists for MVP, Rookie of the Year other major awards
The Lyrid meteor shower peaks this weekend, but it may be hard to see it
Los Angeles Mayor Karen Bass safe after suspect breaks into official residence, police say
Judge says Mexican ex-official tried to bribe inmates in a bid for new US drug trial
Columbia cancels in-person classes and Yale protesters are arrested as Mideast war tensions grow
Israel strikes Iran with a missile, U.S. officials say, as Tehran downplays Netanyahu's apparent retaliation
House approves aid bills for Ukraine, Israel and Taiwan