Current:Home > InvestEchoSense:Senate begins final push to expand Social Security benefits for millions of people -MoneySpot
EchoSense:Senate begins final push to expand Social Security benefits for millions of people
Benjamin Ashford View
Date:2025-04-07 17:58:17
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! (877)
Related
- New Zealand official reverses visa refusal for US conservative influencer Candace Owens
- Ukraine making progress in counteroffensive, U.S. officials say
- What is dengue fever? What to know as virus cases are confirmed in Florida
- Trump says he will skip GOP presidential primary debates
- Trump wants to turn the clock on daylight saving time
- Talks between regional bloc and Niger’s junta yield little, an official tells The Associated Press
- How a family’s choice to donate a body for pig kidney research could help change transplants
- Saints: Jimmy Graham back with team after stopped by police during ‘medical episode’
- Travis Hunter, the 2
- California store owner fatally shot in dispute over Pride flag; officers kill gunman
Ranking
- NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
- Is sea salt good for you? Why you want to watch your sodium intake.
- Lolita, beloved killer whale who had been in captivity, has died, Miami Seaquarium says
- Seattle Mariners' Julio Rodríguez extends historic hot streak after breaking a 1925 record
- The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
- How to watch ‘Ahsoka’ premiere: new release date, start time; see cast of 'Star Wars' show
- Save $235 on This Dyson Cordless Vacuum and Give Your Home a Deep Cleaning With Ease
- Planning a long-haul flight? Here's how to outsmart jet lag
Recommendation
California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
1 dead, 185 structures destroyed in eastern Washington wildfire
One of the Egyptian activists behind the 2011 uprising freed from prison after presidential pardon
Seattle Mariners' Julio Rodríguez extends historic hot streak after breaking a 1925 record
Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
Gambling spectators yell at Max Homa, Chris Kirk during play at BMW Championship
Why Teen Mom's Leah Messer Said She Needed to Breakup With Ex-Fiancé Jaylan Mobley
A raid on a Kansas newspaper likely broke the law, experts say. But which one?