Arizona governor vetoes bill recognizing gold and silver as legal tender

Section:

By Ryan Van Velzer
Associated Press
via Arizona Star, Tucson
Wednesday, April 1, 2015

PHOENIX -- Gov. Doug Ducey vetoed a bill Wednesday that would have made Arizona the third state behind Utah and Oklahoma to recognize gold and silver as legal tender.

Proponents say the bill was designed to reflect a growing distrust of government-backed money. Opponents countered that it sends the wrong message that gold and silver are safer than currency.

Ducey said he didn't feel the bill was appropriate at this time.

Former Gov. Jan Brewer vetoed similar legislation in 2013 over concerns that its language might exempt the state from collecting income taxes on transactions involving precious metals. ...

... For the remainder of the report:

http://tucson.com/news/state-and-regional/gov-doug-ducey-vetoes-bill-mak...



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