Bipartisan legislation to finally end the production of pennies was introduced in the Senate on Thursday, the Wall Street Journal first reported.

Abolishing the penny has been often discussed yet never acted upon until recently when Sen. Jeff Merkley, D-Ore., and Mike Lee, R-Utah, presented a bill that would end production.

“It’s the opposite of ‘common cents’ for taxpayers’ dollars to fund wasteful spending like producing pennies,” Merkley said in a statement.

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