Sens. Mike Lee, Jim DeMint, and Rand Paul offer legislation that would remove the tax burden on gold and silver coins that have been declared legal tender by the federal or state governments. Says Lee:
"Good monetary policy is an important part of a healthy and prosperous economy. Since the Federal Reserve Act of 1913, the dollar has lost approximately 98 percent of its value. This bill is an important step towards a stable and sound currency whose value is protected from the Fed's printing press."