Fred Business News - After months of promises, delays and legislative jockeying, lawmakers will send a nearly $40 billion tax and trade bill to President Bush that renews for two years a host of expired business tax credits and popular individual tax breaks, and introduces a new, one-year itemized deduction for mortgage insurance premiums.

 

Following House passage, the Senate on early Saturday morning voted in favor of the legislation. The main component of the tax portion is the research and development credit for businesses. But it also includes ...   more »