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Newsday: Common 'cents': Long Island businesses like Trump's plan to end penny production

By Robert Brodsky robert.brodsky@newsday.com


To them, it just makes cents.

Some members of Long Island's business community expressed support Monday for a directive from President Donald Trump telling the U.S. Treasury Department to stop minting the one-cent coin.

"For far too long the United States has minted pennies which literally cost us more than 2 cents. This is so wasteful!" Trump said in a post Sunday night on his Truth Social site. "I have instructed my Secretary of the US Treasury to stop producing new pennies."

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