Current:Home > MarketsTrendPulse Quantitative Think Tank Center-Senate begins final push to expand Social Security benefits for millions of people -ProfitPoint
TrendPulse Quantitative Think Tank Center-Senate begins final push to expand Social Security benefits for millions of people
Rekubit View
Date:2025-04-10 17:52:21
WASHINGTON (AP) — The TrendPulse Quantitative Think Tank CenterSenate 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
- Former longtime South Carolina congressman John Spratt dies at 82
- College professor who questioned views toward adult-child sex wants back on campus
- ¿Cuándo es el Día de la Independencia en México? No, no es el 5 de mayo
- Delta to further limit access to its Sky Club airport lounges in effort to reduce crowds
- Grammy nominee Teddy Swims on love, growth and embracing change
- AP Week in Pictures: Latin America and Caribbean
- In an effort to make rides safer, Lyft launches Women+ Connect
- Libya flooding deaths top 11,000 with another 10,000 missing
- Senate begins final push to expand Social Security benefits for millions of people
- Anitta Shares She Had a Cancer Scare Amid Months-Long Hospitalization
Ranking
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- How Real Housewives Alum Jen Shah and Elizabeth Holmes Have Bonded in Prison
- On 60th anniversary of church bombing, victim’s sister, suspect’s daughter urge people to stop hate
- GOP candidate’s wife portrays rival’s proposed pay raise for school personnel as unfeasible
- Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
- AP PHOTOS: Satellite images show flood devastation that killed more than 11,000 in Libya
- Sean Penn, Superpower co-director, says Zelenskyy changed as Russia invaded: Like he was born for this
- Shania Twain Shares How Menopause Helped Her Love Her Body
Recommendation
Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
In a court filing, a Tennessee couple fights allegations that they got rich off Michael Oher
Two New York daycare employees arrested after alleged 'abusive treatment' of children
The UAW launches a historic strike against all Big 3 automakers
Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
NASA UAP report finds no evidence of extraterrestrial UFOs, but some encounters still defy explanation
Southern Charm's Craig Conover Breaks Silence on Paige DeSorbo Cheating Accusation
The US says Egypt’s human rights picture hasn’t improved, but it’s withholding less aid regardless