RateVin

RateVin offers latest stories related to entertainment, politics, videos, Sports, celebrity Gossip.

Frank Lucas : Trade nickel for half-dime


Frank Lucas - American Gangster

U.S. Rep. Frank Lucas has introduced House Resolution 6942, which would replace the nickel with the original 5 cent coin used in the United States.

The 5 Cent Restoration Act would return to use of the half-dime. The half-dime is smaller in size and requires less metal to produce, lowering its cost and potentially saving the federal government millions of dollars, Lucas said.

“Fiscal irresponsibility seems to go hand-in-hand with the federal government,” Lucas said. “It’s time that we to find ways to decrease the amount of taxpayer money we spend each year. At a cost of 9.5 cents to produce and ship, there is a $58.5 million loss passed on to the taxpayers each year.

Frank Lucas – American Gangster

September 21, 2008 - Posted by | News | , , , , ,

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: