Arizona lawmakers back gold, silver as currency - WFXG FOX 54 - News Now

Arizona lawmakers back gold, silver as currency

PHOENIX (AP) -

Arizona Republican lawmakers say privately minted gold and silver coins should be considered legal tender.

The bill advanced in a 4-2 vote by a House committee Monday states that gold and silver is money and therefore shouldn't be subject to tax or regulation as property.

Proponents say the value of the dollar is on the decline. Businesses wouldn't be required to accept gold or silver under the bill.

Democrats oppose the measure. They say it would be a bureaucratic nightmare because businesses don't have the equipment to determine the value of gold and silver.

They also say the measure is Arizona's latest jab at the federal government, which prohibits states from minting their own money.

The bill passed in the Republican-led Senate in February in a 17-11 vote.

Copyright 2013 Associated Press.  All rights reserved.

  • NEWSMore>>

  • Trump Jr., Manafort in talks with Senate panel

    Trump Jr., Manafort in talks with Senate panel

    Friday, July 21 2017 3:28 AM EDT2017-07-21 07:28:25 GMT
    Saturday, July 22 2017 2:00 AM EDT2017-07-22 06:00:27 GMT
    President Donald Trump's legal team is evaluating potential conflicts of interest among members of special counsel Robert Mueller's investigative team.More >>
    President Donald Trump's legal team is evaluating potential conflicts of interest among members of special counsel Robert Mueller's investigative team.More >>
  • Minneapolis police chief resigns after shooting by officer

    Minneapolis police chief resigns after shooting by officer

    Friday, July 21 2017 9:29 AM EDT2017-07-21 13:29:11 GMT
    Saturday, July 22 2017 1:53 AM EDT2017-07-22 05:53:01 GMT
    The Minneapolis police chief says an Australian woman should not have been shot to death by an officer responding to her 911 call and that she doesn't support the officer's actions.More >>
    The Minneapolis police chief says an Australian woman should not have been shot to death by an officer responding to her 911 call and that she doesn't support the officer's actions.More >>
  • Cooling Centers are available this weekend in preparation for triple digit heat index

    Cooling Centers are available this weekend in preparation for triple digit heat index

    Friday, July 21 2017 10:43 PM EDT2017-07-22 02:43:44 GMT

    If you know about Columbia County's cooling centers, you are one of the few. The County is trying to do a better job of spreading the word that these cooling centers are out there.  Don't let the gloomy clouds deceive you. The occasional cloud cover we saw on Friday is expected to disappear this weekend. This while the heat index will go above 100.  "Stayed hydrated, Check the heat index, don't go out unless you absolutely have or unless you need too," says ...

    More >>

    If you know about Columbia County's cooling centers, you are one of the few. The County is trying to do a better job of spreading the word that these cooling centers are out there.  Don't let the gloomy clouds deceive you. The occasional cloud cover we saw on Friday is expected to disappear this weekend. This while the heat index will go above 100.  "Stayed hydrated, Check the heat index, don't go out unless you absolutely have or unless you need too," says ...

    More >>
Powered by Frankly