This view breaks the statement into its steps and names what each one does.
Mr. Speaker, Claims · 11 wordsI am proud to co-lead this legislation with Representative Lisa McClain, Procedure · 11 wordsand I rise, of course, in strong support of this bill.ProcedureClaims · 15 wordsAs has been said, we know that a penny costs taxpayers 3.7 cents to produce, 1Hidden agencyReasoning · 14 wordsso it makes zero sense to spend almost 4 cents creating only 1 cent.Positioning · 5 wordsThis bill is common sense.PositioningClaims · 35 wordsIt has bipartisan support, and it saves taxpayers money and reduces waste.In 2023 alone, the Mint lost approximately $180 million making pennies.2The reality is that the penny now is just out of date.Unearned certaintyReasoning · 40 wordsAs the cost of living increases for many, with folks tapping technology on their phones or cards to pay their bills, we should not be pouring millions and millions of taxpayer dollars into a coin that is now rarely used.Positioning · 6 wordsThis is not a partisan idea.PositioningClaims · 82 wordsAs has been said, countries from all across the world--Canada, Australia, New Zealand, 3Hidden agencyand others--have stopped using and producing low-value coins without any issues or problems for the population.This bill provides clarity by giving businesses the option, not the requirement, to round cash transactions to the nearest nickel when exact change isn’t available.4It also ensures that existing pennies, more than 114 billion of them, will also remain legal tender.5Folks can keep those pennies if they have them at home.Reasoning · 14 wordsNow, the government should stop spending nearly 4 cents to make 1 cent coins.Claims · 15 wordsThe Common Cents Act eliminates a wasteful, obsolete coin while protecting pennies as legal tender.The ask · 14 wordsLet’s stop throwing good money after the bad and pass the Common Cents Act.