Source
While his bill has other things attached to it, the main idea is to get rid of pennies by rounding transactions off.
I'm all for it.
While the article mentions the expense to the govt. of making pennies, it doesn't even address the cost to banks, stores, etc... of handling pennies.
Basically, I think $100s of millions of savings in efficiency could be had for the economy.
While his bill has other things attached to it, the main idea is to get rid of pennies by rounding transactions off.
I'm all for it.
While the article mentions the expense to the govt. of making pennies, it doesn't even address the cost to banks, stores, etc... of handling pennies.
Basically, I think $100s of millions of savings in efficiency could be had for the economy.