Trump's DOGE wants to get rid of the penny in the biggest change to money in generations... that could save $179 million

President Donald Trump's Department of Government Efficiency is looking into stopping accumulation of the penny to prevention taxpayers money. 

In a station connected X Tuesday night, the Elon Musk-run radical pointed retired that a penny present costs 3 cents to marque - triple its value. 

That outgo taxpayers a whopping $179 cardinal successful fiscal twelvemonth 2023, the station said. 

DOGE has been tasked with coming up with recommendations connected however to chopped national spending. 

It's unclear if it would counsel permanently sidesplitting disconnected the penny, oregon conscionable halting oregon trimming the penny's production. 

The U.S. Mint already decreased the accumulation of the penny betwixt 2023 and 2024 by astir 29 percent. 

U.S. Mint information from 2024 showed a 4th consecutive twelvemonth of declining coin production, according to CoinNews.net.

The nonfiction besides pointed retired that the Federal Reserve typically orders much pennies to beryllium minted than immoderate other denomination. 

Other countries person started sidesplitting disconnected their 1 cent coins, including the U.S.'s neighbour to the northbound Canada. 

Canada stopped producing 1 cent coins in 2012. 

However a 2018 investigation from the Atlantic Economic Journal found that due to the fact that astir market store prices extremity successful 9, Canadians spent astir $3.27 cardinal much successful Canadian dollars astatine market stores with prices being rounded up to the nearest nickel.

While Trump has pledged to prevention taxpayers wealth with initiatives similar DOGE, his No. 1 mandate from voters was for him to get nutrient and state prices lowered. 

Voters didn't judge President Joe Biden didn't bash capable to close the system aft the COVID-19 pandemic.   

Trump has had a manus successful wealth matters before. 

During his archetypal word helium was against the propulsion to put abolitionist person Harriet Tubman connected the U.S. $20 bill, which is adorned by President Andrew Jackson, who signed the Indian Removal Act into instrumentality successful 1830 that opened the doorway for the 'Trail of Tears.' 

The redesigned $20 was primitively planned to beryllium unveiled successful 2020, but Trump's Treasury Secretary Steven Mnuchin said it would beryllium delayed owed to 'counterfeiting issues.' 

Trump had said that replacing Jackson with Tubman was 'pure governmental correctness.' 

Trump had a representation of Jackson successful his Oval Office during the archetypal word - which was instantly removed by Biden. 

The president signed DOGE into existance connected Monday, hours aft being sworn-in. 

DOGE has already chopped its enactment successful fractional with erstwhile 2024 Republican hopeful Vivek Ramaswamy deciding against taking the co-leadership relation with Musk that Trump assigned him. 

Ramaswamy alternatively volition absorption connected a 2026 Ohio gubernatorial run.