The Penny Is Dead. Now Washington Is Coming For Another Coin

Congress is shifting its attention from the penny to the nickel. Having already moved to halt penny production, lawmakers are now pressing the Trump administration to find ways to lower the manufacturing cost of the five-cent coin, which currently costs taxpayers 13 cents for each one made. That appeal is aimed at the administration directly and follows the move against the penny. Cost, not design, is the concern driving the nickel proposal, according to Daily Wire.

Representative Lisa McClain, a Michigan Republican, backed the idea when Fox News Digital published her remarks on Wednesday. As chairwoman of the House Republican Conference, she champions her bipartisan Common Cents Act, which deals with two matters together: whether pennies keep being produced, and what materials go into the nickel. Both coins are thus under scrutiny at once.

Nickels the United States Mint, part of the Department of the Treasury, unveiled in 2005 show a modern depiction of President Thomas Jefferson on one side and a bison on the other.

Summarized by PolitiKool from Daily Wire’s reporting. Read the full story at Daily Wire →