The Week That Was -- November 30, 2012
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Here are the most widely read FreeEnterprise.com stories for the week ending November 30:
'Raisin' Hell at the Supreme Court – A lawsuit that challenges a program requiring raisin producers to forfeit half of their raisins to the federal government - for free has made its way to the U.S. Supreme Court.
More Members of Congress Threaten to Take Economy Over the Fiscal Cliff – Some members of Congress say they have no problem letting huge tax increases and automatic spending cuts take effect at the end of the year, despite the recession they will likely cause.
Health Care Law Pushes Employers to Cut Hours – A community college in Pennsylvania and the city of Cedar Falls, Iowa, are among employers that are reducing workers' hours to 30 or fewer per week to migitate the impact of the employer mandate and fines and fees for noncompliance.
Heed Bernanke's Warning about the Fiscal Cliff – Federal Reserve Chairman Ben Bernanke urged Congress and the White House to create a deal to avoid the fiscal cliff soon because the uncertainty “appears to be affecting private spending and investment decisions and may be contributing to an increased sense of caution in financial markets, with adverse effects on the economy.”
INFOGRAPHIC: The Medical Device Tax Threatens High-Paying Jobs – Companies that make devices like MRIs and pacemakers will see a new 2.3% tax on such medical devices in 2013.