Trump Announces Plans for National Monument & Commemorative Coinโค amidst Capital Renovations
President Donald Trump recently detailed plans forโ a large-scale โคnational monument and a commemorative coin, alongside ongoing โrenovations and initiatives reshaping Washington D.C. the announcements were made to a group of donors who contributed to the funding of a recently completed 90,000-square-foot ballroom within the White House.
The centerpiece of the โคnewโ project is โa proposed arch, intended to commemorate the 250th โคanniversary of the United States. Trump presented miniature models to donors,outlining a vision for the structure to be built opposite the Lincoln Memorial,at the entrance to โขthe Arlingtonโฃ Memorial Bridge. He described the current location as an incomplete circle, โnoting that previous โproposals for a structure โฃthere were delayed due to the civil War. He also revealed that a statue of Confederate General Robert E. Lee had been considered for the โsite in 1902.The President reportedly intends to nameโข the archโข the “Arc de โTrump,” modeled after theโฃ Arc de Triomphe โin Paris.
Funding for these projects is โcoming amidst significant changes to the federal budget. A domestic spending bill signed into law โคin July is projected to increaseโ the national โdebt by approximately $3 โคtrillion and reduce โtax revenue by $4.6 trillion over the next decade. The bill โalso includes cuts to Medicaid and SNAP totaling over $1.2 trillion, while allocating $40 million to the โNational Garden of American Heroes, a sculpture garden proposed by Trump.
Further commemoratingโข the โPresident,the U.S.mint is producing a $1 commemorative coin featuring Trump’s face and the โขphraseโฃ “Fight, โฃfight, fight,” in anticipation of the 250th anniversary of โคthe Declaration of Independence.
these initiatives follow โฃa military parade held in june, celebrating โboth the Army’s โฃ250th โคanniversary and the President’s 79th birthday, which cost an estimated $25 million to $40 million. Additionally, large banners featuring Trump’sโ image were recently displayed on federal buildings in Washington D.C., prompting comparisons toโค authoritarian displays by some Democratic lawmakers.โ These actions are part ofโ a broaderโ effort to remodel the nation’s capital, โwhich also includes a ยฃ200 million (approximately $255 โmillionโข USD) refurbishmentโค of the White houseโค ballroom and a federal lawโ enforcement crackdown on alleged “out of control” crime in Washington.