A landmark small business tax credit in President Obama’s hotly contested healthcare overhaul has turned out to be a bust.
According to the Associated Press, the tax credit is difficult to apply for and provides little help to those who hoped to take advantage of the break:
Time-consuming to apply for and lacking enough financial reward to make it attractive, the credit was claimed by only 170,300 businesses out of a pool of as many as 4 million potentially eligible companies in 2010.
That's put the Obama administration in the awkward position of asking Congress to help fix the problems by allowing more businesses to qualify and making it simpler to apply.
But Republicans who run the House say they want to repeal what they call "Obamacare," not change it.
