Whatever Happened to the Small Business Tax Credit?

“Yet another provision of ObamaCare has been found unworkable… Now it turns out the much-vaunted tax credit for small employers is also a bomb. At a recent (November 15, 2011) hearing of the Ways and Means Committee, the Treasury Department’s Inspector General J. Russell George reported that as of mid-October 2011 only 309,000 taxpayers had claimed the credit, for a total payout of $416 million — far below the 4.4 million the IRS thought would be eligible or the CBO estimate of $2 billion that would be paid out in 2010 alone.”