“Fitting That It’s Orange” Proposal to Feature Trump on $500 Bill Stirs Controversy
Brendan McDermid | Reuters
Republican Senator Paul Gosar of Arizona has introduced a provocative proposal, dubbed the “Treasury Reserve Unveiling Memorable Portrait (TRUMP) Act of 2024.” This legislation aims to reintroduce the $500 bill, this time adorned with the portrait of former President Donald Trump. Unveiled on Wednesday, the bill seeks to amend the Federal Reserve Act to mandate the printing of these new high-denomination notes, which Gosar argues would provide “practical advantages” during a time of “Bidenflation.”
Gosar believes that issuing $500 bills could “empower Americans with the freedom of more tangible options to save and exchange goods and services.” Yet, the choice to feature Trump has sparked significant backlash across social media and among political adversaries. A notable quip from one commenter likened the proposed bill to the orange $500 Monopoly game currency, poking fun at both the bill’s denomination and Trump’s often-discussed tan.
The proposal has also attracted criticism due to Trump’s recent felony convictions related to hush money payments. One critic humorously suggested a $130,000 bill would be more appropriate, referencing the amount paid in the hush money settlements. Others have questioned the timing and focus of Gosar’s legislative efforts, suggesting that there might be more pressing issues for the people of Arizona, as per The Raw Story.
The likelihood of the TRUMP Act passing is slim, given the current Democratic majority in the Senate and the White House. Additionally, Gosar has stated that the introduction of a $500 bill could also be a counter to digital payment systems, which he views as susceptible to surveillance and censorship.
The last $500 bill in the U.S. featured former President William McKinley and was issued in 1945, ceasing production by 1969 due to its infrequent use. According to The Washington Times, Gosar argues that reintroducing such a bill could help Americans preserve their cash savings against inflation.
Despite potential interest from currency collectors, many view Gosar’s move as a deeply partisan gesture to glorify a controversial figure, particularly in light of Trump’s role in perpetuating false election fraud claims and his involvement in the January 6th insurrection. Critics and observers alike see the proposal as little more than a Republican stunt, designed to provoke Trump’s political opponents and rally his base amidst ongoing controversies.
