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The upcoming bill is set to feature something new: the president’s signature, marking a significant shift from the design of previous U.S. currency.
“I see no issue with featuring the president of the United States on the 250th-anniversary bill,” remarked Bessent.
However, he acknowledged that the law would require modification to permit Trump’s likeness on currency.
A statute established in 1866 prohibits living individuals from being depicted on U.S. currency.
Nonetheless, Congressman Joe Wilson, a conservative Republican, has proposed legislation to amend this rule.
“Grateful to commemorate President Trump’s legacy of greatness and the 250 anniversary of America,” Wilson said.
“The most valuable President on our most valuable bill.”
While the president has frequently minted commemorative coins bearing his face, this note is intended to be legal tender widely used across the country.
The plan was strongly criticised by Democratic Congressman Emanuel Cleaver.
“While Americans are struggling to put food on the table, keep up with rising energy costs, and pay for health care, the administration is focused on illegally putting the president’s face on money,” Cleaver said.
“As the president made very clear: ‘I don’t think about Americans’ financial situation’.”
Congresswoman Judy Chu noted that inflation was at a three-year high.
“And what are Trump’s priorities? Slapping his face on a $250 bill, just to boost his own ego,” she said.
“Every day he makes it more clear that he doesn’t care about the American people, only himself.”
The move to put Trump’s face on money comes as the president’s approval rating continues to sink.
A poll released fby YouGov this week shows him with just a 34 per cent approval rating, with 59 per cent disapproving.
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