Current:Home > ContactOliver James Montgomery-Senate begins final push to expand Social Security benefits for millions of people -WealthRise Academy
Oliver James Montgomery-Senate begins final push to expand Social Security benefits for millions of people
SignalHub Quantitative Think Tank Center View
Date:2025-04-06 19:09:52
WASHINGTON (AP) — The Oliver James MontgomerySenate 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! (95)
Related
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- A fifth Albuquerque, New Mexico, police officer has resigned amid probe of unit
- Bird flu is causing thousands of seal deaths. Scientists aren’t sure how to slow it down
- Revisit the 2023 March Madness bracket results as the 2024 NCAA tournament kicks off
- What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
- Family member arraigned in fatal shooting of Michigan congressman’s brother
- Jake Paul isn't nervous about Iron Mike Tyson's power. 'I have an iron chin.'
- Two weeks later: The hunt for missing Mizzou student Riley Strain in Nashville
- Nearly half of US teens are online ‘constantly,’ Pew report finds
- The Best Maternity Swimsuits That Are Comfy, Cute, and Perfect for Postpartum Life
Ranking
- US wholesale inflation accelerated in November in sign that some price pressures remain elevated
- Family member arraigned in fatal shooting of Michigan congressman’s brother
- 1 person killed, others injured in Kansas apartment building fire
- Virginia governor vetoes 22 bills, including easier path for certain immigrants to work as police
- Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
- Land purchases by Chinese ‘agents’ would be limited under Georgia bill; Democrats say it’s racist
- How Sinéad O’Connor’s Daughter Roisin Waters Honored Late Mom During Tribute Concert
- Get a Bag From Shay Mitchell’s BÉIS for Just $70, 50% Off Too Faced Better Than Sex Mascara & More Deals
Recommendation
Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
The Notebook: Turning the bestselling romance into a Broadway musical
Skater accused of sex assault shouldn't be at world championships, victim's attorney says
How much money did Shohei Ohtani's interpreter earn before being fired?
Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
'We're not a Cinderella': Oakland's Jack Gohlke early March Madness star as Kentucky upset
Grassley releases whistleblower documents, multi-agency probe into American cartel gunrunning
'House of the Dragon' Season 2: New 'dueling' trailers released; premiere date announced