Discussion · House of Representatives
Bill Foster Democrat
“We should stop making the penny and use the dollar coin more. But we should put Abraham Lincoln on the new dollar coin so his face stays on our money.”
“Mr. Speaker, I have to say that I agree it makes perfect economic sense to retire the denomination of the penny and, in fact, reemploy the dollar coin in ordinary commerce. As a Representative of Illinois, I cannot but mention the fact that the loss of the image of Abraham Lincoln on coins we often use is a tragedy that we can and should avert. The way to do that is to simply place the image of Abraham Lincoln on the newly minted dollar coin, a win-win every way you look at it.”
Official Congressional Record
Mr. Speaker, I have to say that I agree it makes perfect economic sense to retire the denomination of the penny and, in fact, reemploy the dollar coin in ordinary commerce. As a Representative of Illinois, I cannot but mention the fact that the loss of the image of Abraham Lincoln on coins we often use is a tragedy that we can and should avert. The way to do that is to simply place the image of Abraham Lincoln on the newly minted dollar coin, a win-win every way you look at it.