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Amid massive firings andcancelled government contracts, Musk and Trump have also set their sights on eliminating the penny.
While neither haseliminated the penny yet,theres a $179 million reason behind their goal.
Trump has also been vocal about eliminating the penny.
This is so wasteful!
I have instructed my Secretary of the US Treasury to stop producing new pennies.
President Obama also supported eliminating the penny.
He addressed the issue during a 2013 Google+ Hangout discussing his State of the Union address.
Without the penny, item prices would be rounded up or down to the nearest five cents.
These small changes are unlikely to have much of a financial impact on consumers.
Without the penny, accounting would become simpler.
With fewer 2025 pennies in existence, these new coins could have greater value among collectors.
Will the Penny Be Eliminated?
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