Common Cents Act
The Common Cents Act, debated in the Senate, would stop production of the penny and allow cash transactions to be rounded to the nearest five cents, while also permitting tests of cheaper metals for the nickel. Senator Lummis said the penny costs nearly four cents to make, wasting about $56 million a year, and that most people now pay with cards or phones. She argued the bill would save taxpayers money, and that the penny has been part of American coinage since 1792.Written by AI from the debate. Updated .
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