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The Penny Is Dead. Now Washington Is Coming For Another Coin

"If it costs 13 cents to make a five-cent coin, Washington should fix the problem instead of wasting more taxpayer money."

Brecca Stoll
The Penny Is Dead. Now Washington Is Coming For Another Coin
-The United States Mint of Department of the Treasury unveils the nation’s new 2005 nickels with a contemporary image of President Thomas Jefferson on the front and a bison on the back the national new 2005 nickel. (Photo by Marvin Joseph/The The Washington Post via Getty Images)

After moving to end penny production, lawmakers are urging the Trump administration to make nickels cheaper to produce, with each five-cent coin costing taxpayers 13 cents to make.

Rep. Lisa McClain (R-MI), the House Republican Conference chairwoman, defended the proposal in comments published Wednesday by Fox News Digital. Her bipartisan Common Cents Act addresses both penny production and the nickel’s composition. Both chambers have passed legislation, but it has yet to receive President Donald Trump’s signature, according to the outlet.

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