US EditionBipartisan Bill Would End the Penny
- President Trump signed an executive order instructing the Treasury Department to stop minting pennies in the United States.
- The decision follows long-standing concerns about inflation, inefficiency, and wasted taxpayer money on the penny's circulation.
- The Common Cents Act, a bipartisan bill introduced by Senator Gillibrand and others, aims to suspend penny production and reduce government waste.
- The U.S. Spends $85 million annually to maintain pennies that cost more than three times their value to produce and often remain unused.
- Ending penny production is expected to save taxpayers millions while modernizing currency, echoing international precedents like Canada's successful penny removal.
8 Articles
8 Articles
Time To Abandon The Penny
by Sen. Cynthia Lummis at CDN - Whether exiled to the floor board of your car, lodged under a couch cushion, or wasting away in your family’s communal change jar, America’s ubiquitous copper-colored coin is no longer an efficient form of payment. Inflation and technology have increasingly rendered the humble penny useless, and it is past time that we acknowledge a simple … Click to read the rest HERE-> Time To Abandon The Penny first posted at C…
US Congress Seeks to End the Penny by Introducing the Common Cents Act
The ‘Common Cents’ Act, which has bipartisan support, seeks to end the production of the $0.01 coin, commonly known as the cent, as its production and distribution costs exceed its face value. Representatives Lisa McClain and Robert Garcia, along with Senators Cynthia Lummis and Kirsten Gillibrand, are behind this proposal. Common Cents Act Gets Introduced... The post US Congress Seeks to End the Penny by Introducing the Common Cents Act appeare…
CoinStats - US Congress Seeks to End the Penny by Introdu...
The ‘Common Cents’ Act, which has bipartisan support, seeks to end the production of the $0.01 coin, commonly known as the cent, as its production and distribution costs exceed its face value. Representatives Lisa McClain and Robert Garcia, along with Senators Cynthia Lummis and Kirsten Gillibrand, are behind this proposal. Common Cents Act Gets Introduced […]
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