(AmericanProsperity.com) – In an unexpected twist in the political landscape, Colorado’s gay Democrat Governor Jared Polis has publicly supported President Donald Trump’s decision to halt the production of pennies in the United States.
See the tweet below!
Trump’s announcement to direct the Treasury Department to stop minting the one-cent coin is a move hailed as fiscally prudent, catching the attention of both economic experts and those tired of government waste.
President Trump made the official announcement via his Truth Social platform, highlighting the inefficiency of producing pennies that cost more than their face value.
The U.S. Mint revealed that in the 2024 fiscal year alone, the federal government incurred a loss of $85.3 million due to producing nearly 3.2 billion pennies, with each penny costing approximately $0.037 to manufacture.
Trump’s move aligns with his broader agenda of cutting unnecessary government spending.
With manufacturing costs surpassing the value of the penny, the decision resonated with many fiscal conservatives concerned about the national budget.
“For far too long, the United States has minted pennies which literally cost us more than 2 cents. This is so wasteful!” Trump stated in his directive.
He has tasked Elon Musk’s Department of Government Efficiency (DOGE) with leading these initiatives, Newsweek notes in a report.
Echoing Trump’s concerns, Governor Polis also acknowledged the wasteful nature of penny production and praised this cost-cutting measure.
“As well as saving taxpayers hundreds of millions of dollars, there are major environmental benefits to eliminating the penny. This is a great move,” Governor Polis remarked.
His open support marks a notable gesture of bipartisan approval for Trump’s controversial cost-saving initiative.
“As well as saving taxpayers hundreds of millions of dollars, there are major environmental benefits to eliminating the penny. This is a great move,” Jared Polis declared.
While the cessation of penny production signals a potential shift in the currency system, the legal authority for such an action remains unclear.
Experts suggest that eliminating the penny might require an act of Congress, as currency specifications are traditionally mandated by legislation.
Meanwhile, Trump supporters argue this move is in line with practices in other countries that have phased out their least valuable coins.
Although routine political battles might color their cooperation on other issues, Trump’s and Polis’s shared vision on this subject paves the way for potentially significant fiscal savings and environmental improvements.
The journey of Trump’s directive now hinges on possible legal battles and congressional input, demonstrating the complexities involved in modern economic reform.
“Trump’s tariffs will be a tax on Coloradans and American families, and increase the cost of everything from food to gas. Trump’s tariffs make us less competitive, hurt people, and quite frankly make no sense,” Polis wrote earlier in the month, cited by Mediaite.
While Trump and Polis may not see eye-to-eye on every policy, their shared interest in reducing government waste has led to an unexpected alignment that might just benefit American taxpayers and the environment.
Democratic Colorado Gov. Jared Polis on Monday voiced his support for President Donald Trump’s decision to instruct the U.S. Treasury to halt the production of pennies. https://t.co/F3UEAvmyb0
— NewsChannel 8 | KTUL (@KTULNews) February 11, 2025
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