Actually, I think you may have misread the question. I do have an issue with this.
The issue I've encountered is that using Powershell ISE, if I select some text, and then "cut" either using a keyboard shortcut (Ctrl-X), or by clicking the 'Cut' UI button, the text is copied to the clipboard, but it is not removed from the file being edited.
I think this is what the original questioner meant by 'copies the code to the clipboard and doesn't remove it.'