Current:Home > NewsJohnathan Walker:Senate begins final push to expand Social Security benefits for millions of people -ProsperityStream Academy
Johnathan Walker:Senate begins final push to expand Social Security benefits for millions of people
Algosensey Quantitative Think Tank Center View
Date:2025-04-09 16:41:52
WASHINGTON (AP) — The Johnathan WalkerSenate 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! (63599)
Related
- Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
- Nonbinary teacher at Florida school fired for using 'Mx.' as courtesy title
- Israeli strikes hit near several hospitals as the military pushes deeper into Gaza City
- School vaccination exemptions now highest on record among kindergartners, CDC reports
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- Arkansas man receives the world's first whole eye transplant plus a new face
- Former New Mexico State players charged with sex crimes in locker-room hazing case
- Koi emerges as new source of souring relations between Japan and China
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- 42,000 Mercedes-Benz vehicles recalled over missing brake inspection gauges: See models
Ranking
- Travis Hunter, the 2
- Why Travis Kelce Was MIA From Taylor Swift’s First Eras Tour Stop in Argentina
- Sasha Skochilenko, Russian artist who protested war in Ukraine, faces possible 8-year prison sentence
- If you think Airbnb, Vrbo are cheaper than hotels, you might want to think again!
- Don't let hackers fool you with a 'scam
- Hawaii wildlife refuge pond mysteriously turns bubble-gum pink. Scientists have identified a likely culprit.
- Man who narrowly survived electrical accident receives world's first eye transplant
- Nevada men's basketball coach Steve Alford hates arena bats, Wolf Pack players embrace them
Recommendation
Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
Spain’s acting prime minister signs deal that secures him the parliamentary support to be reelected
Robert De Niro's former assistant awarded $1.2 million in gender discrimination lawsuit
Pakistan is planting lots of mangrove forests. So why are some upset?
Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
52 years after he sent it home from Vietnam, this veteran was reunited with his box of medals and mementos
'The Holdovers' with Paul Giamatti shows the 'dark side' of Christmas
Foreman runs for TD, Bears beat Panthers 16-13 to boost their shot at the top pick in the draft