The Senate is pushing toward a vote on legislation that would provide full Social Security benefits to millions of people, setting up potential passage in the…
Sen. John Thune, the no. 2 Republican in leadership, acknowledged that the policy has strong bipartisan support, but said some GOP senators want to see it part of"a broader Social Security reform effort.”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.
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 toAt least one GOP senator who signed onto similar legislation last year, Sen. Mike Braun of Indiana, said he was still “weighing” whether to vote for the bill next week.
The nonpartisan Committee for a Responsible Federal Budget also estimates that if passed, the policy would hasten the Social Security program's insolvency date by about half a year as well as reduce lifetime Social Security benefits by an additional $25,000 for a typical dual-income couple retiring in 2033.
Sen. John Thune, the no. 2 Republican in leadership, acknowledged that the policy has strong bipartisan support, but said some Republicans also want to see it “fixed in the context of a broader Social Security reform effort.”“Even for something that people consider to be a good cause, it shows a lack of concern for the future of the country, so I think it would be a big mistake,” said Sen. Rand Paul, a Republican from Kentucky.Sen. Bill Cassidy, R-La.
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