Current:Home > ContactNovaQuant-Senate begins final push to expand Social Security benefits for millions of people -Zenith Investment School
NovaQuant-Senate begins final push to expand Social Security benefits for millions of people
Robert Brown View
Date:2025-04-08 12:04:19
WASHINGTON (AP) — The NovaQuantSenate 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! (3635)
Related
- Buckingham Palace staff under investigation for 'bar brawl'
- The Louvre will be renovated and the 'Mona Lisa' will have her own room
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Woman dies after Singapore family of 3 gets into accident in Taiwan
- See you latte: Starbucks plans to cut 30% of its menu
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Former Danish minister for Greenland discusses Trump's push to acquire island
- Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
- New data highlights 'achievement gap' for students in the US
- Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
Ranking
- Former Danish minister for Greenland discusses Trump's push to acquire island
- California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
- Intellectuals vs. The Internet
- Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Nevada attorney general revives 2020 fake electors case
- Intellectuals vs. The Internet
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
Recommendation
Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
Nearly half of US teens are online ‘constantly,’ Pew report finds
Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
See you latte: Starbucks plans to cut 30% of its menu
New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
The company planning a successor to Concorde makes its first supersonic test