Bipartisan Unity: Dem Heavy Hitters Back Trump’s Plan

Donkey and elephant shadows on American flag.

In a surprising act of unity, Congress has shown bipartisan support for President Trump’s plan to eliminate the penny due to economic inefficiencies.

Quick Takes

Lawmakers from both parties agree with Trump’s decision to eliminate the penny.
Pennies cost more than two cents each to produce.
The U.S. Mint’s financial loss due to penny production exceeded $85 million in 2024.
The proposal may result in tax and business operation adjustments.

Bipartisan Agreement on Penny Elimination

Congressional members from both sides of the aisle have rallied around President Trump’s decision to halt the production of pennies due to their cost and inefficiency. As cited by Trump on his Truth Social account, creating each penny costs more than its face value. Notably, representatives including Jared Moskowitz, Carlos Giménez, and Jamie Raskin, along with Senator Jacky Rosen, have publicly praised the move as a financially sound decision.

The U.S. Mint reported over $85 million in losses due to penny production alone, prompting calls for change. Rep. Ben Cline emphasized, “Every penny saved is a win for taxpayers.” These declarations underline a rare political consensus aimed at reducing unnecessary governmental spending.

Financial and Environmental Considerations

Aside from the financial implications, many backers also cite environmental advantages. Gov. Jared Polis of Colorado pointed out, “As well as saving taxpayers hundreds of millions of dollars, there are major environmental benefits to eliminating the penny. This is a great move.” The reduction in zinc mining, a key component in pennies, could mitigate environmental pollution, adding further rationale behind phasing it out.

The decision also demands practical adjustments for businesses. Transactions, sales tax, and accounting practices may need recalibration. One congressional analysis continues to study these implications, advising local businesses on necessary adjustments in the absence of pennies.

Political Support Across the Spectrum

Previous attempts to eliminate the penny floundered. Yet, this initiative shows promise of becoming law under the current administration, highlighting bipartisan aims to cut wasteful spending.

Alongside Congress, public figures like Donald Trump Jr. and Charlie Kirk have lauded the decision’s symbolic resonance during challenging economic times. As momentum builds, the outcome promises broader scrutiny of how governmental processes can be streamlined to best serve taxpayers.