Quotes
In 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
It's disappointing to see President Trump make a statement of directive like that because these are American jobs."
Taylor addedUnfortunately, we currently have no information on legislative affairs."
The United States Mint told NewsweekThe 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 asksUnlike a lot of what the new administration has been doing pursuant to the flood of executive orders since January 20, this action seems to me entirely lawful and fully constitutional,
Tribe said, referring to the aggressive executive action Trump's taken on other issues since taking office
President Trump's order to freeze penny production is a perfect example of what makes this administration different. Penny production has been pointless for years. Everyone knew it, but nobody else cared enough to actually act. Sure, it's 'only' $179 million a year. But looks at it another way: The average American's lifetime tax contribution is about $524,000. This single fix is saving the lifetime taxes of 341 Americans."
Charlie Kirk, founder and CEO of the conservative Turning Point USA, wrote on X on Monday
We're rooting out the fraud, one penny at a time. My triggered podcast 6 pm ET with investigative journalist Lee Smith @LeeSmithDC see you on @rumblevideo!!!
Donald Trump Jr., the president's eldest son, wrote in a post on X on MondayIt’s a horrible idea. Eliminating the penny wouldn’t save money. It would actually increase government losses and cost more,
MARK WELLER, executive director of Americans for Common Cents, said in an interview
This has been a long time coming. It’s a little sad that it took this long for us to decide to get rid of the penny,
said ROBERT WHAPLES, an economics professor at Wake Forest University who studied data from 200,000 transactions from a multi-state convenience store to determine the potential impact on cash transactions in a penny-free worldCash remains a crucial tool for underserved and underbanked communities,
Weller saidBasic democratic accountability requires that every executive agency’s work be supervised by politically accountable leadership, who ultimately answer to the president,
DOJ attorneys wrote in the filing, calling the order “impermissible” and “anti-constitutional.”This shouldn’t be inflationary at all. There will be as much rounding up as rounding down,
Whaples said, because the last digit on cash register totals is almost completely random
No, they wouldn’t because they’re going to have much better housing, much better,
the president told BaierNo thank you but we will buy twitter for $9.74 billion if you want.”
Altman responded to the report on XOur Service Academies have been infiltrated by Woke Leftist Ideologues over the last four years,
Trump wrote on Truth Social