Current:Home > reviewsJohnathan Walker:Senate begins final push to expand Social Security benefits for millions of people -TradeFocus
Johnathan Walker:Senate begins final push to expand Social Security benefits for millions of people
NovaQuant Quantitative Think Tank Center View
Date:2025-04-07 03:00:35
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! (7)
Related
- $73.5M beach replenishment project starts in January at Jersey Shore
- 'It killed him': Families of victims of big tech, present at Senate hearing, share their stories
- Episcopal Diocese of Mississippi elects its first woman, Black person as bishop
- Horoscopes Today, February 2, 2024
- Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
- Why Kelsea Ballerini Missed the 2024 Grammys Red Carpet
- Streaming services can cost a pretty penny: Here are 7 ways to cut down on your bill
- South Carolina Democratic primary turnout for 2024 and how it compares to previous years
- At site of suspected mass killings, Syrians recall horrors, hope for answers
- Taylor Swift wore white dress with black accessories on Grammys red carpet
Ranking
- Tom Holland's New Venture Revealed
- 2024 Pro Bowl Games winners, losers: NFC dominates skills challenges, Manning bro fatigue
- 'Jersey Shore' star Mike Sorrentino shares video of his two-year-old kid choking rescue
- Joel Embiid to undergo procedure on knee, miss significant time with Philadelphia 76ers
- Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
- Andre Agassi, Steffi Graf defeat John McEnroe, Maria Sharapova in Pickleball Slam 2
- Our 2024 Grammys Recap
- Where's Ray Wright? High-speed chase leads to clues in Sacramento man's abduction and revenge murder
Recommendation
Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
Taylor Swift Announces New 11th Album The Tortured Poets Department at 2024 Grammys
'Extremely dangerous situation' as flooding, mudslides swamp California: Live updates
Detroit father of 6 dies days after being mauled by 3 dogs: family says
Current, future North Carolina governor’s challenge of power
Tarek El Moussa Details Gun Incident That Led to Christina Hall Split
Miley Cyrus just won the first Grammy of her career
Miley Cyrus just won the first Grammy of her career