Anti-Penny Bill Introduced… Again

Representative Jim Kolbe wants to do away with the penny and introduced the second bill to do so since 2001. The new bill calls for rounding down any cash transaction that ends in in 1,2,6 and 7 cents; totals ending in 3,4,8, or 9 cents would round up. Why can’t we do something that’s NOT stupid and make our pennies super cheap like a 1 yen coin?

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