Bipartisan support for dollar coin

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June 14, 2013

Oklahoma

By Megan Busse

OKLAHOMA CITY, Oklahoma:Several U.S. Senators support switching from the one dollar bill to a one dollar coin, including Oklahoma Republican Senator Tom Coburn . This is a bipartisan effort also supported by Republicans John McCain from Arizona and Mike Enzi from Wyoming and Democratic Senators Tom Harkin from Iowa and Mark Udall from Colorado.[1]

According to the Government Accountability Office, moving to the coin could save $4.4 billion over 30 years. This is due in part because coins only need to be replaced every 30 years, whereas paper bills only last 4.7 years.[2]

The move to coins is also backed by many organizations, including the Dollar Coin Alliance and the bipartisan Domenici-Rivlin Debt Reduction Task Force.[3]

Footnotes

  1. ↑ ‘’NewsOK’’ “Sen. Tom Coburn supports move from $1 bill to $1 coin” Accessed June 14, 2013
  2. ↑ ‘’Government Accountability Board” “Benefits and Considerations for Replacing the $1 Note with a $1 Coin” Accessed June 14, 2013
  3. ↑ ‘’US News and World Report’’ “2013 Could Be the Year of the Dollar Coin,” accessed June 14, 2013
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