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flag U.S. lawmakers propose ending penny production, rounding transactions to reduce costs.

flag A bipartisan group of U.S. representatives has introduced the "Common Cents Act," aiming to halt penny production due to its high manufacturing cost, which exceeds the coin's face value. flag The bill, introduced on April 30th, proposes rounding cash transactions to the nearest five cents. flag Supporters argue it will save taxpayer money and reduce inefficiencies. flag The legislation addresses the significant annual loss reported by the U.S. Mint, which spends more than 1.8 cents to produce each penny.

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