Trump says he has directed Treasury to stop minting new pennies, citing cost
President Donald Trump says he has directed the Treasury Department to stop minting new pennies, citing the rising cost of producing the one-cent coin.
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oh, shit. i believe i found out why he's so against the penny now...
The Circulating Collectible Coin Redesign Act of 2020 (Pub. L. 116–330 (text) (PDF)) was signed by President Donald Trump on January 13, 2021. It provides for, among other things, special one-year designs for the circulating coinage in 2026, including the cent, for the United States Semiquincentennial (250th anniversary), with one of the designs to depict women.[98]
(emphasis added by me)
it's an episode 1 bill, that he signed, that would have put a woman or women on the penny (special designs, like the state quarters) and other coins for a year (2026). penny is the cheapest to acquire and horde, and far more are minted than all others combined.
I mean, it's also the penny... I do believe Lincoln had a tiny worker rights legislation that trump wishes never got passed.
Makes sense. It was a poison pill for if a Dem got elected that they could get their base riled up against, that he now needs to deal with for the same reason.
