Current:Home > reviewsCharles Langston:Senate begins final push to expand Social Security benefits for millions of people -FutureWise Finance
Charles Langston:Senate begins final push to expand Social Security benefits for millions of people
Burley Garcia View
Date:2025-04-08 04:07:49
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! (61262)
Related
- Moving abroad can be expensive: These 5 countries will 'pay' you to move there
- Julia Fox's Latest Look Proves She's Redefining How to Wear Winged Eyeliner Again
- Egg prices are hopping again this Easter. Is dyeing eggs worth the cost?
- What to know about the cargo ship Dali, a mid-sized ocean monster that took down a Baltimore bridge
- What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
- Man arrested after multiple women say they were punched in face while walking on NYC streets
- Vet, dog show judge charged with child porn, planned to assault unborn son: Court docs
- All That Alum Kenan Thompson Reacts to Quiet on Set Allegations About Nickelodeon Shows
- Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
- Smoking pit oven leads to discovery of bones, skin and burnt human flesh, relatives of missing Mexicans say
Ranking
- Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
- Sweet 16 schedule has Iowa, Caitlin Clark 'driving through the smoke' with eyes on title
- Sophia Smith, Portland Thorns sign contract making her NWSL's highest-paid player
- Media attorney warns advancing bill would create ‘giant loophole’ in Kentucky’s open records law
- Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
- Mega Millions estimated $1.13 billion jackpot has one winning ticket, in New Jersey
- Macaulay Culkin Shares Sweet Tribute to Best Friend Brenda Song
- Schools in the path of April’s total solar eclipse prepare for a natural teaching moment
Recommendation
John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
Transform Your Clothes Into a Festival-Ready Outfit With These Chic & Trendy Accessories
Sweet 16 bold predictions forecast the next drama in men's March Madness
School board postpones vote on new busing plan after audit on route change disaster
Travis Hunter, the 2
Alabama sets May lethal injection date for man convicted of killing couple during robbery
TikTok is under investigation by the FTC over data practices and could face a lawsuit
Garrison Brown's older brother Hunter breaks silence on death, Meri discusses grief