STATE POLLING DATA:
Suppose you saw a penny, dirty and discolored, lying on the ground. Would you really make the effort to bend over or squat down to pick it up? What would you do with it? Save it? In a bank? Use it? What costs a penny anymore? Use it for change? Most stores either round off or give you a penny to make the correct payment. Inflation over the years has reduced the copper penny to a 95% Zinc coin that costs $.81 to make a $1.00 worth of pennies. Fifty years ago you could by 5 sticks of Bazooka Bubble Gum for a penny, today one stick costs a nickel.
WHAT THIS BILL WOULD DO:
This bill would end funding for making pennies. Pennies would remain legal tender as long as you have one.
Last year, the
Removing the penny from circulation would speed up the
process of inflation. Rounding up to the
nearest nickel would soon escalate to the dime, then the quarter, the
half-dollar, and then the dollar.
Shortly, we would find the dollar supplanting the penny as the lowest
It is time to change how we make change in