Democratic Colorado Gov. Jared Polis praised President Trump on Monday for instructing the Treasury Division to halt manufacturing of pennies, which value greater than their worth to mint.
“In addition to saving taxpayers tons of of hundreds of thousands of {dollars}, there are main environmental advantages to eliminating the penny. This can be a nice transfer,” Polis wrote on X.
Polis, 49, argued in a separate put up that producing copper-plated zinc pennies “results in poorer air high quality and enormous extractions of key minerals.”
“Let’s take this step to avoid wasting taxpayer cash, meet the wants of customers, and higher defend our surroundings,” he added.
The Democratic governor has been pushing for the elimination of the penny since earlier than Trump’s inauguration.
In December, Polis tagged the president’s Division of Authorities Effectivity head Elon Musk in an X put up highlighting the potential for annual financial savings within the nine-figure vary if penny manufacturing is halted.
“Eliminating the penny would save over $300,000,000 per 12 months (each penny prices over three cents to make) and changing the greenback invoice with a greenback coin would save over a billion {dollars} a decade,” the governor claimed.
The price of manufacturing a penny was about 3.7 cents in fiscal 12 months 2024, in line with the US Mint, which famous that it misplaced $85.3 million on the greater than 3 billion pennies it produced final 12 months.
The penny stamp out is the most recent of Trump’s post-election strikes which have received Polis’ help.
Final November, Polis shocked many on the left when he tentatively endorsed Trump’s decide to steer the Division of Well being and Human Providers, Robert F. Kennedy Jr.
The Centennial State governor additionally ordered flags to be raised in honor of Trump’s inauguration, disregarding a half-staff order from former President Joe Biden in reminiscence of late former President Jimmy Carter.
Polis has additionally signaled help for Trump’s plan to “safe the border, cease human trafficking, and cease the unlawful stream of weapons and medicines.”
“We welcome extra federal assist to detain and deport harmful criminals,” Polis stated in his state of the state tackle final month.
However Trump, 78, has slammed Polis over his dealing with of Venezuelan migrant gangs in Colorado, calling the governor “afraid” and “chickens–t” final October.
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