Current:Home > reviewsCharles Langston:Senate begins final push to expand Social Security benefits for millions of people -Wealthify
Charles Langston:Senate begins final push to expand Social Security benefits for millions of people
PredictIQ View
Date:2025-04-10 04:49:57
WASHINGTON (AP) — The Charles LangstonSenate 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! (4)
Related
- Questlove charts 50 years of SNL musical hits (and misses)
- New York oncologist kills baby and herself at their home, police say
- Kate Spade 24-Hour Flash Deal: Get This $260 Crossbody Bag for Just $59
- Elon Musk says he may need surgery before proposed ‘cage match’ with Mark Zuckerberg
- Arkansas State Police probe death of woman found after officer
- Suspect killed, officer hospitalized in Kansas shooting
- 4-year-old run over by golf cart after dog accidentally rests on pedal
- Why the U.S. government may try to break up Amazon
- Intellectuals vs. The Internet
- That's Billionaire 'Barbie' to you: The biggest movie of summer hits $1B at box office
Ranking
- How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
- Philippines summons Chinese ambassador over water cannon incident in disputed sea, official says
- Read the Heartwarming Note Taylor Swift Wrote to Alicia Keys’ Son for Attending Eras Tour
- 2 killed, 3 hurt when pleasure boat catches fire in bay south of Los Angeles
- The Daily Money: Spending more on holiday travel?
- White mom sues Southwest Airlines over blatant racism after alleged human trafficking flag
- 3 dead, dozens injured as tour bus carrying about 50 people crashes on Pennsylvania highway
- Moving to a college dorm? Here's how you can choose a reliable mover and avoid scams
Recommendation
IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
What caused an Alaskan glacier to cause major flooding near Juneau
26 horses killed in barn fire at riding school in Georgia
USWNT humbled by Sweden, again. Epic World Cup failure ends with penalty shootout
Buckingham Palace staff under investigation for 'bar brawl'
Historian on Trump indictment: The most important criminal trial in American history
China, Russia send warships near Alaska; US responds with Navy destroyers
In a first, naval officers find huge cache of dynamite in cave-like meth lab run by Mexican drug cartel