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Republican House members have proposed a bill that would replace the one-dollar bill with a dollar coin, ultimately saving taxpayers money.

David Schweikert (R-AZ), Jeb Hensarling (R-TX) and another House Republican proposed the bill titled the Currency Optimization, Innovation and National Savings (COINS) Act.

The House members say the U.S. would save $184 million a year just by switching to the use of the coin. According to Newsmax.com, “Schweikert said his proposal would save taxpayers billions of dollars over the next few decades by switching to a dollar coin in four years, or as soon as $600 million worth of dollar coins have entered the money supply. A whopping 3 billion paper dollars are shredded every year, and continuing destruction and construction of the paper dollars costs the government too much, he said.”......READ MORE