Current:Home > MarketsWill Sage Astor-Senate begins final push to expand Social Security benefits for millions of people -PureWealth Academy
Will Sage Astor-Senate begins final push to expand Social Security benefits for millions of people
EchoSense View
Date:2025-04-07 02:43:50
WASHINGTON (AP) — The Will Sage AstorSenate 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! (8937)
Related
- Kentucky Gov. Andy Beshear ready to campaign for Harris-Walz after losing out for spot on the ticket
- How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
- Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Organizers cancel Taylor Swift concerts in Vienna over fears of an attack
- The Super Bowl could end in a 'three
- SFO's new sensory room helps neurodivergent travelers fight flying jitters
- Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
- Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
- Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
Ranking
- US Open player compensation rises to a record $65 million, with singles champs getting $3.6 million
- Highlights from Trump’s interview with Time magazine
- Trump's 'stop
- What do we know about the mysterious drones reported flying over New Jersey?
- British golfer Charley Hull blames injury, not lack of cigarettes, for poor Olympic start
- Former Syrian official arrested in California who oversaw prison charged with torture
- At site of suspected mass killings, Syrians recall horrors, hope for answers
- Military service academies see drop in reported sexual assaults after alarming surge
Recommendation
Eva Mendes Shares Message of Gratitude to Olympics for Keeping Her and Ryan Gosling's Kids Private
Current, future North Carolina governor’s challenge of power
Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
RFK Jr. grilled again about moving to California while listing New York address on ballot petition
DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
A South Texas lawmaker’s 15