Quotes
I’m not afraid to embrace a good idea when it comes from the other side of the aisle, and I agree with President Trump on this."
Rosen took to X on Tuesday, writing
Eliminating the penny is a common sense move that’ll save taxpayer dollars,
she saidGone are the days of penny candy or even buying a gum ball for a penny,
Snaith said
A lot of times I go into the store, I don't even wait for change for pennies,
Figueroa saidThe key issue is that it is bad for consumers and the economy,
said Mark Weller, director of Americans for Common Cents, a lobbying group backed by businesses involved in the coin's manufactureLosing the penny was just a wash for the consumer,
said Robert Whaples, professor at Wake Forest who authored the studyPeople don't want them. They don't use them. They sock them away in cans and drawers and jars and try to bring them in here by the sackful,
Jackson saidI think at some point in history cancelling the penny would have been a bigger deal, but now people don't even carry them in their pockets,
he saidIn most countries, the lowest domination coin is the most minted coin,
Mark Weller, executive director of Americans for Common Cents, told CNN
[W]ithout the penny, the demand for nickels would rise to fill the gap in small-value transactions,
the group said in a statement to CNNSave the penny. For those that do not know, every penny starts in Greene County. Save jobs in Greene County!"
In a social media post on Monday, Taylor said
Unfortunately, we currently have no information on legislative affairs."
The United States Mint told NewsweekIt's disappointing to see President Trump make a statement of directive like that because these are American jobs."
Taylor addedLet’s rip the waste out of our great nations budget, even if it’s a penny at a time,
Trump wrote in his postHow silly it is, how much money it costs to produce pennies.”
Later on, Tom Jurkowsky, a retired Navy Rear Admiral, who became the Director of Corporate Communications for the U.S. Mint from 2009 to 2017, said
I went to Congress saying ‘I’m losing $90 million a year on pennies, you guys need to pass a law forcing me to change it.’
And Republican Edmond Moy, the Mint’s 38th Director, serving from 2006 to 2011 saidThe process of discontinuing the penny in the U.S. is a little unclear. It would likely require an act of Congress, but the Secretary of the Treasury might be able to simply stop the minting of new pennies,
Robert Triest, an economics professor at Northeastern University, told the Northeastern Global News
It’s absolute non-cents that American taxpayers spend ten cents to make just one nickel. Only Washington could lose money making money,
Ernst said in a statement in April 2023Only tradition explains our stubborn attachment to the penny. But sometimes traditions get ridiculous,
the Farmers' Almanac said in its 1989 edition
Does that qualify as being in circulation?"
If pennies sit in drawer for a decade, Gore asks