Gosar Introduces Bill to Print $500 Trump Banknotes

Gosar Introduces Bill to Print $500 Trump Banknotes

Grayson Bakich
Grayson Bakich
June 6, 2024

It is usually all about the Benjamins, but maybe it should be all about the Trumps. Representative Paul Gosar (R-AZ) thinks so, recently introducing a bill that would authorize printing $500 bills featuring a portrait of former President Donald Trump.

Named the Treasury Reserve Unveiling Memorable Portrait (TRUMP) Act, Rep. Gosar suggested the new banknote would be ideal in a time of inflation and concerns of surveillance when banking more significant amounts of money with proposals and bans on Central Bank Digital Currency (CBDC).

"As Bidenflation continues to devalue our currency, the issuance of $500 bills featuring President Trump by the Treasury offers several practical advantages. First, larger-value currency will empower Americans with the freedom of more tangible options to save and exchange goods and services. Additionally, the absence of large-denomination currency issued by the Treasury encourages Americans to rely on digital banking, which faces greater vulnerability to surveillance and censorship," said Rep. Gosar.

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Moreover, the Arizona Congressman pointed out the unique nature of the proposed banknotes, which could potentially make them more valuable than their printed amount, adding a layer of intrigue to the proposal.

"Furthermore, from a collector's perspective, these $500 Trump bills will become highly sought after, generating revenue for the government through increased demand for numismatic items.  Collectors often covet currency with unique designs and historical significance, and bills featuring the very popular 45th President will attract considerable attention from collectors.  This will no doubt create a market for the $500 Trump bills far beyond their face value and increase the seigniorage earnings of the government, thus increasing overall revenues," Gosar continued.

In early April, the Arizona Congressman and Representative Mike Waltz (R-FL) cosponsored a bill introduced by Representative Guy Reschenthaler (R-PA) to rename Dulles International Airport in Washington, D.C., after the former President.

"In my lifetime, our nation has never been greater than under the leadership of President Donald J. Trump," Reschenthaler told Fox News Digital. "As millions of domestic and international travelers fly through the airport, there is no better symbol of freedom, prosperity, and strength than hearing 'Welcome to Trump International Airport' as they land on American soil," Rep. Reschenthaler told Fox News.

As a form of mockery, Representative Jared Moskowitz (D-FL) countered with a bill proposing the Miami Federal Correctional Institution after Trump.

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Grayson Bakich

Grayson Bakich

Florida born and raised, Grayson Bakich is a recent recipient of a Master’s Degree in Political Science at the University of Central Florida. His thesis examined recent trends in political polarization and how this leads into justification of violence.

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