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GOP Lawmaker Pushes to Put Reagan’s Face on $50 Bill

Ronald Reagan’s conservative legacy has been the topic of debate for much of the last two decades. Now a Republican lawmaker is arguing that that legacy should be honored by putting Reagan's face on the $50 bill.

Rep. Patrick McHenry of North Carolina introduced legislation Tuesday that would replace President Ulysses S. Grant on the $50 bill with Reagan’s likeness.

“Every generation needs its own heroes,” McHenry said in a written statement. “One decade into the 21st century, it’s time to honor the last great president of the 20th and give President Reagan a place beside Presidents Roosevelt and Kennedy.”

FDR's likeness in on the dime and Kennedy’s is on the half-dollar.

McHenry pointed to a polls of presidential scholars that show Reagan consistently outranks President Grant, including a Wall Street Journal survey in 2005 that ranked Reagan sixth and Grant 29th.

But one Democrat on the House Financial Services Committee said he’s not ready to grant that honor to “someone whose policies are still controversial.”

“Our currency ought to be something that unites us,” Rep. Brad Sherman, D-Calif., told the Los Angeles Times.

This isn’t the first time Republicans have tried to put Reagan on the $50 bill. In 2005, when Republicans controlled Congress, the attempt died in the House Financial Services Committee.