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In reply to the discussion: Trump says he has directed Treasury to stop minting new pennies, citing cost [View all]canetoad
(20,769 posts)17. Only if you pay cash
Honestly, I'm pretty glad to be rid of the weight of small value coins.
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Trump says he has directed Treasury to stop minting new pennies, citing cost [View all]
dalton99a
Feb 2025
OP
Me too. He could also stop giving his billionaire buddies tax reductions and close some loopholes. nt
Jit423
Feb 2025
#10
He directed "his" Secretary of the US Treasury. Not "the" or "our" but "his" and that bothers me.
Deuxcents
Feb 2025
#11
That will automatically cause all prices to be rounded up to 5 cents If the price on an item
doc03
Feb 2025
#13
Yep. You know some jagoff CFO will be bragging about this in an earnings call 6 months from now.
Hassin Bin Sober
Feb 2025
#14
How will they do sales tax we have a 7% sales tax if you pay a dollar for something
doc03
Feb 2025
#15
Legal rounding-off... but it would need to always be in the customer's favor.
Oopsie Daisy
Feb 2025
#47
He doesn't have the legal authority to do this as pennies are mandated by law.
LonePirate
Feb 2025
#30
The Secretary of the Treasury does have the power to tell the US Mint which coins to strike or none at all.
roamer65
Feb 2025
#33
You inspired me to create my own original post! I just realized the "dollar" is Spanish.
LeftInTX
Feb 2025
#44
Another EO from the Emperor. This has been discussed for a long time, but it should be done through the
Liberal In Texas
Feb 2025
#55
So we'll need a lot more nickels, which, btw are more expensive to make than pennies
Jersey Devil
Feb 2025
#64
MaddowBlog-Trump's pennies order adds to list of legally dubious power grabs
LetMyPeopleVote
Feb 2025
#69