Fred Business News - President Bush signed a nearly $40 billion tax and trade bill 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.

The main component of the tax portion is the research and development credit for businesses. But it also includes education and sales tax deductions.

The tax breaks had expired at the end of 2005 and were originally tossed out of a $70 billion tax relief bill ...   more »