{"id":2380792,"date":"2024-12-17T03:04:02","date_gmt":"2024-12-17T08:04:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/senate-races-to-approve-social-security-benefit-expansion\/"},"modified":"2024-12-17T03:04:15","modified_gmt":"2024-12-17T08:04:15","slug":"senate-races-to-approve-social-security-benefit-expansion","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/senate-races-to-approve-social-security-benefit-expansion\/","title":{"rendered":"Senate races to approve Social Security benefit expansion"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fsenate-races-to-approve-social-security-benefit-expansion%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2380792&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>The U.S. Senate is poised to approve the Social Security Fairness Act, aimed at expanding benefits for millions of Social Security recipients. This bipartisan legislation, which <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/report-8m-eligible-americans-never-got-stimulus-check\/\" title=\"Report: 8M eligible Americans never got stimulus check\">previously passed<\/a> the \u200dRepublican-controlled House\u2062 327-75, seeks \u2063to\u200d eliminate reductions in benefits for individuals with public pensions, such as teachers and first responders. Senate majority Leader Chuck Schumer emphasized the importance of ensuring that <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidens-infrastructure-plan-a-boon-for-unions\/\" title=\"Biden\u2019s Infrastructure Plan a Boon for Unions\">public service workers<\/a> are not\u200b unfairly denied their entitled benefits. Currently, two tax provisions, the Windfall Elimination Provision and \u200bthe Government Pension Offset, \u200bnegatively impact \u2062the benefits of approximately 2.8 million peopel,\u200d or \u200dabout \u200d4% of all\u200c beneficiaries. The proposed\u2063 changes\u2064 are being closely\u2064 monitored by those in public service, who are\u2063 anxious to see favorable outcomes for \u2063their retirement benefits.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-header-search-button-mob dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-mobile-search-icon td-icon-search\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-drop-down-search\" aria-labelledby=\"td-header-search-button\">\n<div class=\"tdb-drop-down-search-inner\">\n<form method=\"get\" class=\"tdb-search-form\" action=\"https:\/\/www.washingtonexaminer.com\/\"><\/form>\n<div class=\"tdb-aj-search\"><\/div>\n<\/div>\n<\/div>\n<p><a href=\"http:\/\/www.washingtonexaminer.com\/#\" role=\"button\" aria-label=\"Search\" class=\"tdb-head-search-btn dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-search-icon td-icon-search\"><\/i><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<h1 class=\"tdb-title-text\">Senate races to approve Social Security expansion before end of Congress<\/h1>\n<div><\/div>\n<div class=\"tdb-title-line\"><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div id=\"Brid_1802996\" class=\"tpd-featured-video bridtv\"><\/div>\n<p>Millions of <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/social-security\/\" target=\"_blank\" rel=\"noopener\" title=\"Social Security\">Social Security<\/a> recipients could soon see an expansion of their benefits, with senators expected to pass the <a href=\"https:\/\/www.washingtonexaminer.com\/news\/house\/3227428\/social-security-fairness-act-explained\/\" target=\"_blank\" rel=\"noopener\" title=\"Social Security Fairness Act\">Social Security Fairness Act<\/a> this week.<\/p>\n<div class=\"article-paywall\">\n<p>The bipartisan legislation, which cleared the Republican House 327-75 last month, would boost the benefits of Americans by eliminating reductions for those with public pensions, such as teachers and first responders.<\/p>\n<p>Senate Majority Leader Chuck Schumer (D-NY) argued the bill &ldquo;would ensure Americans are not erroneously denied their well-earned&nbsp;Social&nbsp;Security&nbsp;benefits, simply because they chose at some point to work in their careers in public service.&rdquo;<\/p>\n<p>&ldquo;This is a chance for senators to do the right thing for our teachers and nurses and postal workers and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/georgia-secretary-of-state-investigating-voter-registration-group-run-by-democrat-raphael-warnock\/\" title=\"Georgia Secretary Of State Investigating Voter Registration Group Run By Democrat Raphael Warnock\">law enforcement officers<\/a> and firefighters,&rdquo; Schumer said. &ldquo;And they will certainly be watching what we do with their retirement benefits.&rdquo;<\/p>\n<p>Currently, two tax rules known as the Windfall Elimination Provision and the Government Pension Offset reduce the Social Security benefits of around 2.8 million people, or roughly <a href=\"https:\/\/crsreports.congress.gov\/product\/pdf\/RS\/98-35\" target=\"_blank\" rel=\"noopener\" title=\"\">4% of all beneficiaries<\/a>. The WEP decreases the benefits of those who also have a pension from jobs not subject to Social Security payroll tax, while the GPO reduces benefits of spouses and widows or widowers with a <a href=\"https:\/\/amzn.to\/3YuVZYV\">government-based pension<\/a> from jobs also not covered by Social Security.<\/p>\n<p>The Social Security Fairness Act would increase payments by eliminating both rules that advocates say unfairly punish those who work in public service.<\/p>\n<p>This is the Senate&rsquo;s last week of the session. If the legislation fails to pass and get sent to President Joe Biden&rsquo;s desk, Congress will have to start over next year and work to pass the legislation again under a new House, Senate, and White House. Advocates say that would likely mean defeat, given new legislative priorities and administration.<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">Senate Majority Leader Chuck Schumer (D-NY) arrives to speak with reporters on Capitol Hill, Tuesday, Dec. 3, 2024, in Washington. (AP Photo\/Mark Schiefelbein)<\/figcaption><\/figure>\n<p>The measure is led by retiring Reps. Garrett Graves (R-LA) and Abigail Spanberger (D-VA) in the House and Sens. Sherrod Brown (D-OH) and Susan Collins (R-ME) in the Senate. Brown lost reelection last month, making Collins the only returning lawmaker next year of the proposal&rsquo;s main authors. It&rsquo;s expected to clear with bipartisan support in the Senate, where there are 62 co-sponsors.<\/p>\n<p>Opponents, particularly spending hawks, have several objections to the proposal. They include no pay-for measure to fund the increased Social Security payouts that would more quickly deplete a vital system already headed for insolvency. There are also concerns that eliminating the tax rules may allow certain people to ultimately receive more benefits than those who contributed more throughout their careers with jobs subject to Social Security taxes.<\/p>\n<p>Without any changes, the nonpartisan Congressional Budget Office estimates the Social Security <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/gofundme-aimed-at-paying-off-harry-and-meghans-mortgage-folds-over-lack-of-interest\/\" title=\"GoFundMe Aimed At Paying Off Harry And Meghan\u2019s Mortgage Folds Over Lack Of Interest\">trust fund<\/a> will run out of money in fiscal 2033. Enacting the Social Security Fairness Act would move up that timeline by &ldquo;roughly half a year earlier than it would be under current law,&rdquo; the <a href=\"https:\/\/www.cbo.gov\/system\/files\/2024-11\/60876-HR82.pdf\" target=\"_blank\" rel=\"noopener\" title=\"\">CBO recently told<\/a> Sen. Chuck Grassley (R-IA) after inquiring about its financial implications.<\/p>\n<p>The CBO previously <a href=\"https:\/\/crsreports.congress.gov\/product\/pdf\/RS\/98-35\" target=\"_blank\" rel=\"noopener\" title=\"projected \">projected <\/a>that eliminating the deduction rules would cost $183 billion over a decade.<\/p>\n<p><a href=\"https:\/\/www.washingtonexaminer.com\/news\/campaigns\/congressional\/3240974\/meet-new-congress-house-senate-freshmen-119th\/\" target=\"_blank\" rel=\"noopener\" title=\"\"><strong>MEET THE NEW CONGRESS: THE HOUSE AND SENATE FRESHMEN ELECTED TO SERVE NEXT YEAR<\/strong><\/a><\/p>\n<p>The Committee for a Responsible Federal Budget, a nonprofit think tank, urged Congress to focus on fixing Social Security&rsquo;s long-term solvency problems instead.<\/p>\n<p>&ldquo;It is truly astonishing that at a time when we are just nine years away from the trust fund for the nation&rsquo;s largest program being completely exhausted, lawmakers are about to consider speeding that up by six months,&rdquo; said CRFB President Maya MacGuineas. &ldquo;And add on top of that another $200 billion in new borrowing as a result. We are racing to our own fiscal demise.&rdquo;<\/p>\n<\/div>\n<p> <script data-cfasync=\"false\" src=\"http:\/\/www.washingtonexaminer.com\/cdn-cgi\/scripts\/5c5dd728\/cloudflare-static\/email-decode.min.js\"><\/script><script>!function(){var g=window;g.googletag=g.googletag||{},g.googletag.cmd=g.googletag.cmd||[],g.googletag.cmd.push(function(){g.googletag.pubads().setTargeting(\"has-featured-video\",\"true\")})}();<\/script><script>var _bp=_bp||[];_bp.push({\"div\":\"Brid_1802996\",\"obj\":{\"id\":\"27789\",\"width\":\"1280\",\"height\":\"720\",\"stickyDirection\":\"below\",\"video\":\"1802996\"}});<\/script><script defer src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Senate aims to pass Social Security expansion before Congress ends<\/p>\n","protected":false},"author":3108,"featured_media":2380793,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/12\/senate-vote-social-security-fairness-act.webp","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[46937,6571,5894,3740,33104],"class_list":["post-2380792","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-benefit-expansion","tag-elections","tag-politics","tag-senate","tag-social-security"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/12\/senate-vote-social-security-fairness-act.webp","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2380792","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/3108"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2380792"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2380792\/revisions"}],"predecessor-version":[{"id":2380796,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2380792\/revisions\/2380796"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2380793"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2380792"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2380792"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2380792"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}