BREAKING: Obama Admin. Announces Andrew Jackson Will Be Removed from $20 Bill – Here’s His Replacement

BREAKING: Obama Admin. Announces Andrew Jackson Will Be Removed from $20 Bill – Here’s His Replacement

There has been a small group of people who are calling for Andrew Jackson’s removal from the $20, but it actually sounds like it could soon become a reality… with a twist.

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From Politico:

Treasury Secretary Jack Lew on Wednesday will announce plans to both keep Alexander Hamilton on the front of the $10 bill and to knock Andrew Jackson off the front of the $20 in favor of Harriet Tubman, sources tell POLITICO.

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Lew is expected to roll out a set of changes that also include putting leaders of the women’s suffrage movement on the back of the $10 bill, and incorporating civil rights era leaders and other important moments in American history into the $5 bill.

Also, Jackson isn’t getting completely booted off the $20 bill. He’s likely to remain on the back.

Lew’s reversal comes after he announced last summer that he was considering replacing Hamilton on the $10 bill with a woman. The plan drew swift rebukes from fans of Hamilton, who helped create the Treasury Department and the modern American financial system. Critics immediately suggested Lew take Jackson off the $20 bill given the former president’s role in moving Native Americans off their land.

Lew told POLITICO last July that Treasury was exploring ways to respond to critics. “There are a number of options of how we can resolve this,” Lew said. “We’re not taking Alexander Hamilton off our currency.”

Supporters of putting a woman on the $10 bill have complained that it will take too long to put a woman on the $20 bill. But people familiar with the matter said new designs for the bills should be ready by 2020. Treasury is likely to ask the Federal Reserve, which makes the final decision, to speed the process and get the bills into circulation as quickly as possible.

Do you like this idea, or should we leave the money the way it is?

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