
A penny saved is ... costing the U.S. millions? Mike Lee sponsors bill to eliminate the 1-cent coin
Sen. Mike Lee, R-Utah, and Sen. Jeff Merkley, D-Ore., have a plan to save American taxpayers millions of dollars, titled the “Make Sense Not Cents Act.” The U.S. Mint’s 2024 Annual Report stated the unit cost for pennies rose by 20% in 2024, and for the …