Washington D.C. – Democratic and Republican lawmakers discovered consensus about President Donald Trump in his determination to eradicate the penny, telling Fox Information Digital on Capitol Hill that it “is sensible” to cease making cents.
Trump introduced on Sunday that he was instructing the Treasury Division to cease producing new pennies, writing in a Fact Social submit that it prices greater than two cents to mint a single one-cent coin.
Fox Information Digital requested members of Congress for his or her two cents about Trump eliminating the coin, with lawmakers on each side of the aisle saying they agree along with his determination.Â
Rep. Jared Moskowitz, D-Fla., talking to Fox Information Digital, mentioned eliminating the penny “is perhaps the perfect” factor Trump has completed since taking workplace.
HOW TRUMP MIGHT GET RID OF THE PENNY – AND WHAT COULD COME NEXT FOR YOUR POCKET CHANGE
Democratic Rep. Jared Moskowitz mentioned eliminating the penny “is perhaps the perfect” factor Trump has completed since taking workplace. (Fox Information Digital)
“In all of the issues he is completed in his first month in workplace, that is perhaps the perfect,” Moskowitz advised Fox. “We have not printed the penny since 2023, so I am good with him eliminating it.”
DEMOCRAT SENATOR BACKS TRUMP’S ‘COMMON SENSE MOVE’ TO FIRE THE PENNY
Standing with Moskowitz was Rep. Jamie Raskin, D-Md. “I agree with eliminating the penny,” he mentioned.
Democratic Rep. Jamie Raskin mentioned he helps Trump stopping manufacturing on the penny. (Fox Information Digital)
“It prices extra to make a penny than it is price, so if that is what he desires to do, that is nice,” one other Democrat, Rep. Ami Bera, D-Calif., mentioned.
In keeping with the U.S. Mint, the federal government company that makes cash, the Treasury Division misplaced greater than $85 million on the pennies they produced in 2024.
“If it takes two cents to make one cent, it kinda is sensible, does not it?” Rep. Carlos Giménez, R-Fla., advised Fox Information Digital.
Rep. Juan Ciscomani, R-Ariz., mentioned it “makes monetary sense” on condition that the price to make a penny is greater than the coin is price.
Republican Rep. Juan Ciscomani mentioned he helps eliminating the penny. (Fox Information Digital)
Rep. George Latimer, D-N.Y., mentioned he’s speaking to native companies in his communities, and can assist the route that greatest accommodates them.
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“I’ve talked to some native companies in our neighborhood to see how that impacts them. And the query could be, does it make their life simpler or harder?” Latimer mentioned. “In the event that they inform me, it is simpler, then it is a good determination. They inform me it is harder after they should calculate gross sales tax and issues that do not even out to zeros or fives, then it is not a good suggestion.”
