Current:Home > InvestCharles Langston:Senate begins final push to expand Social Security benefits for millions of people -NextFrontier Finance
Charles Langston:Senate begins final push to expand Social Security benefits for millions of people
SignalHub Quantitative Think Tank Center View
Date:2025-04-07 22:21:55
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! (11)
Related
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Families suing over 2021 jet fuel leak into Navy drinking water in Hawaii seek $225K to $1.25M
- 'Taylor Swift baby' goes viral at concert. Are kids allowed – and should you bring them?
- Addison Rae’s Mom Sheri Easterling Marries High School Coach Jess Curtis
- New Zealand official reverses visa refusal for US conservative influencer Candace Owens
- Maine to spend $25 million to rebuild waterfront after devastating winter storms and flooding
- Melinda French Gates to resign from Gates Foundation: 'Not a decision I came to lightly'
- Key Bridge controlled demolition postponed due to weather
- Toyota to invest $922 million to build a new paint facility at its Kentucky complex
- Georgia mandated training for police on stun gun use, but hasn’t funded it
Ranking
- What to watch: O Jolie night
- A secret stash of 125-year-old bricks at IMS tells hallowed story of an iconic race track
- Full transcript of Face the Nation, May 12, 2024
- Suspect turned himself in after allegedly shooting, killing attorney at Houston McDonald's
- Highlights from Trump’s interview with Time magazine
- Bill Discounting Climate Change in Florida’s Energy Policy Awaits DeSantis’ Approval
- Incumbent Baltimore mayor faces familiar rival in Democratic primary
- Brittney Griner out indefinitely with toe injury for Phoenix Mercury to start WNBA season
Recommendation
Louvre will undergo expansion and restoration project, Macron says
'Frightening experience': Armed 16-year-old escorted out of Louisiana church by parishioners
University of North Carolina to dump 'divisive' DEI, spend funds on public safety
Horoscopes Today, May 12, 2024
Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
Texas pizza delivery driver accused of fatally shooting man who tried to rob him: Reports
Dispute over transgender woman admitted to Wyoming sorority to be argued before appeal judges
Dispute over transgender woman admitted to Wyoming sorority to be argued before appeal judges