On May 24th all but one of the 73 lower-house deputies of the catch-all Party of the Brazilian Democratic Movement (PMDB), the PT's main coalition partner, voted for an amendment to a new Forestry Code to grant an amnesty for illegal logging before 2008.

ECONOMIST: Brazil's president

While it's called a grant, the biotech credit is a variation of what Congress has been doing with individuals: Using the tax code and the Internal Revenue Service to deliver benefits it considers socially desirable in the form of refundable tax credits.

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