text_body: --- DIVISION TITLE ---
  
  Finance Bill - New Clause 4 - Report on impact of raising tax rate applied to income over Â£150,000 from 45% to 50%.
  
  --- MOTION EFFECT ---
  
  
  @ MP voted aye for a report on the impact of raising the rate of tax applied to income over Â£150,000 from 45% to 50%. 
  @ MP voted against a report on the impact of raising the rate of tax applied to income over Â£150,000 from 45% to 50%. 
  
  
  The majority of MPs voted against requiring a report on increasing the additional rate of income tax to 50%. At the time of the vote the additional rate was 45% and applied to income over Â£150,000[1]
  
  MPs were considering the Finance Bill[2].
  
  The text of the proposed new clause rejected in this vote was:
  
  :â(1) The Chancellor of the Exchequer shall make arrangements for conducting a review of the impact of increasing the additional rate to 50%.
  
  :(2) The Secretary of State shall lay a copy of the report of the review mentioned in subsection (1) before each House of Parliament within three months of the passing of this Act.â.
  
  
  ==
  * [1] [http://www.hmrc.gov.uk/rates/it.htm Income Tax Rates - HM Revenue and Customs]
  * [2] [http://services.parliament.uk/bills/2013-14/financeno2.html Parliament's webpage on the Finance Bill 2014]
  
  
  
  --- COMMENTS AND NOTES ---
  
  (put thoughts and notes for other researchers here)
  