Current:Home > ScamsSurpassing Quant Think Tank Center|Senate begins final push to expand Social Security benefits for millions of people -Keystone Wealth Vision
Surpassing Quant Think Tank Center|Senate begins final push to expand Social Security benefits for millions of people
Rekubit Exchange View
Date:2025-04-07 02:28:40
WASHINGTON (AP) — The Surpassing Quant Think Tank CenterSenate 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! (7835)
Related
- Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
- The paint is dry on Banksy’s animal-themed street art that appeared across London over 9 days
- Popular shoemaker Hey Dude to pay $1.9 million to thousands of customers in FTC settlement
- 'A bad situation did not get worse': Enraged bull euthanized after escaping slaughterhouse
- Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
- Toyota recall aims to replace every engine in 100,000 Tundra pickups and Lexus SUVs
- Young Thug's trial resumes after two months with Lil Woody's testimony: Latest
- Vikings rookie QB J.J. McCarthy to miss season following right knee surgery to repair torn meniscus
- 'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
- Ernesto intensifies into Category 1 hurricane north of Puerto Rico
Ranking
- A South Texas lawmaker’s 15
- Vikings rookie QB J.J. McCarthy to undergo surgery for torn meniscus; timetable unknown
- Takeaways: Harris’ approach to migration was more nuanced than critics or allies portray it
- Trucking company owner pleads guilty to charges related to crash that killed 7 bikers
- Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
- Alabama district judge suspended and accused of letting child abuse cases ‘languish,’ complaint says
- Columbus Crew vs. Inter Miami live updates: Messi still missing for Leagues Cup game today
- Susan Wojcicki, former YouTube CEO, dies at 56 from lung cancer
Recommendation
'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
PHOTO COLLECTION: AP Top Photos of the Day Wednesday August 14, 2024
You Have 1 Day Left to Shop Lands' End's Huge Summer Sale: $10 Dresses, $14 Totes & More Up to 85% Off
As Colorado River states await water cuts, they struggle to find agreement on longer-term plans
Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
'Emily in Paris' Season 4: Release date, cast, where to watch this season's love triangle
California, Massachusetts or Hawaii? Which state has the highest cost of living?
3 dead, 6 hurt including teen, kids in crash involving stolen car in Kansas City