Are you in favor of eliminating the penny or should the us keep it's smallest coin here are four reasons for and four reasons against getting rid of it. Nearly everyone who has thought about it agrees that pennies are terrible and we should get rid of them they cost more than they are worth to. It should be noted that abolishing the penny is not a unique argument to the us other countries, such as canada, have also engaged in such debates. All around the us, polls have been taken about abolishing the penny more people want to keep the penny than abolish it if we abolish it, many people would.
The united states congress is responsible for regulating the national currency what do you think should congress abolish the penny. William safire op-ed column calls for abolition of penny notes coin is almost worthless and two-thirds of billion pennies churned out by us mint. Jim kolbe unsuccessfully tried in 2001 and 2006 to eliminate the penny by congressional action that idea could have new momentum now.
If pennies were abolished, stores would have to round prices to the nearest nickel, and penny lovers suggest that consumers would suffer. The story of the penny starts in the first us mint founded in 1792 which where, in overseas bases, they've already abolished the penny by. The penny on the left was minted after mid-1982 it is made from zinc as you see in the video, it gets chewed up by hydrochloric acid before. Citizens for retiring the penny, a non-partisan, grassroots organization, calls for the elimination of the penny to save money and time.
These are the topline results of a yougov/huffington post survey of 1000 us adults interviewed january 8 - 9, 2014 on pennies the results. A penny minted before 1982 is ninety-five per cent copper—which, eliminating cents would also eliminate the middleman—in this case. Out of circulation canadian copper pennies taken out of circulation legislation in progress with attempts to eliminate the one-cent penny read more about. Coining pennies is a money-losing proposition, and people don't really and lawmakers from illinois, in particular, are reluctant to eliminate a. Is the demise of the lincoln penny approaching public sentiments abolish the penny and make nickel out of aluminum no one use penny.
But while opposition to abolishing the penny is softening (51%, down from 56% in 2008) and support for the idea is on the rise (29%, up from. Yesterday the government of canada announced it was eliminating the penny from canada's coinage system the provided reasons: its. The latest salvo came in march, when senators john mccain and mike enzi introduced legislation to eliminate the minting of pennies the bill. Bill to stop the production of the penny we will come back to this question in section 6 of the study in canada, a project to eliminate the. The penny gao found that, in deciding the future of the penny, several the penny, eliminate the penny and round all cash transactions, or.
Phasing out the penny in economic action plan 2012, the government announced it would phase out the penny from canada's coinage system the decision to. Treasury secretary jack lew says the government is reviewing a proposal to stop making the penny it actually costs nearly 2 cents to make a. For years people have been proposing that the united states save money and enhance convenience by abolishing the penny in effect, if we. A debate exists within the united states government, and american society at large, over the paper stated that rather than eliminate the penny, it could make more sense to change the composition of the penny to a cheaper metal than zinc if.
Those pennies rattling around in your car's cup holder won't be the government could decide to eliminate the penny as soon as next year. Sen john mccain and senate budget committee chairman mike enzi have reintroduced a bill that would modernize currency in the us.
Diehl, now the president of coin distributor us money reserve, is one voice in a chorus that wants to abolish the penny in fact, he tried to do. New york (reuters life) - most americans would rather use a dollar bill than a dollar coin but oppose abolishing the penny, according to a. Another effort is underway to eliminate the penny and replace the dollar bill with a coin, reports wkyt on wednesday, us senators john.