Republicans lobby to cease the paper dollar 

Why squabble over a couple billion dollars in ideological cuts when you have a non-partisan cash cow like the dollar coin up your sleeve?

A caucus of House Republicans is lobbying to ditch the paper dollar and replace it with dollar coins, which could save $184 million annually and $5.5 billion over the next 30 years, according to the Government Accountability Office.

The Republican Study Committee, a caucus of roughly 175 representatives, slipped that creative little fix into their newly-released fiscal 2012 budget proposal.

The Dollar Coin Alliance is thrilled.

“During a time when Republicans and Democrats are both looking for ways to trim the budget, this is simply a good, common sense proposal,” says Shawn Smeallie, the alliance's lobbyist and a former aide to President George H.W. Bush. “Every year the government is literally throwing money away on an out-dated, anachronistic currency system – we applaud the Republican Study Committee for tackling this important issue.”


About The Author

Hayley Peterson

Pin It

More by Hayley Peterson

Latest in Nation

Sunday, Jul 22, 2018


Most Popular Stories

  • No Stories Yet.

© 2018 The San Francisco Examiner

Website powered by Foundation