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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 | , , , , ,

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