text_body: --- DIVISION TITLE ---
  
  Finance Bill - Report on Operation of 50 percent Income Tax Rate and Impact on Economy
  
  --- MOTION EFFECT ---
  
  @ MP voted aye to require a report on the operation of the 50 percent rate of income tax, and its impact on the economy. 
  @ MP voted no against requiring a report on the operation of the 50 percent rate of income tax, and its impact on the economy. 
  
  The majority of MPs voted against requiring a report on the operation of the 50 percent rate of income tax, and its impact on the economy. 
  
  MPs were considering the Finance Bill[1]. The following amendment was rejected in this vote:
  
  :amendment 10, page 1, line 9, at end insertâ
  :â(3) By 31 March 2012 the Office of Budget Responsibility, in consultation with HMRC, will report to Parliament on the revenue of the 50 per cent. rate of income tax and its impact on the UK economy.â
  
  This would have taken effect on clause 1 of the Bill[2], which provides for, and sets the rates of, income tax for 2011-12. 
  
  
  ==
  
  * [1] [http://services.parliament.uk/bills/2010-11/financeno3.html Parliament's webpage on the Finance Bill]
  * [2] [http://www.publications.parliament.uk/pa/bills/cbill/2010-2012/0200/cbill_2010-20120200_en_2.htm#pt1-pb1-l1g1 Clause 1 of the Finance Bill as at the time of the vote]
  
  
  --- COMMENTS AND NOTES ---
  
  (put thoughts and notes for other researchers here)
  