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  Finance Bill - New Clause 9 - Reintroduce 10% Initial Rate of Income Tax
  
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  @ MP voted aye to reintroduce a 10% initial rate of income tax paid for by a new property tax. 
  @ MP voted no against the reintroduction of a 10% initial rate of income tax paid for by a new property tax. 
  
  
  The majority of MPs voted against the reintroduction of an initial income tax band on which tax would be levied at a rate of 10%. 
  
  The proposal before MPs involved paying for the new lower rate of tax from a new "[http://en.wikipedia.org/wiki/Mansion_tax "mansion tax"] (a proposed property tax, where, for example, properties valued at over Â£2 million could attract an annual tax of 1%)
  
  The rejected motion which was the subject of the vote stated:
  
  :(1) The Chancellor of the Exchequer shall, within six months of Royal Assent, lay before Parliament proposals for an income tax rate of 10 per cent. on a band of income above the personal allowance.
  :(2) The range of income covered by the 10 per cent. rate proposal in subsection (1) shall be determined by the Exchequer yield of a mansion tax.
  :(3) The full benefit of the 10 per cent. rate shall not be available to taxpayers paying the higher or additional rates of tax.â.
  
  An initial income tax band with a 10% rate existed until it was abolished by Gordon Brown as chancellor in March 2007[1]; this a decision he has subsequently described as a mistake[2], and Labour's Ed Miliband has pledged to reintroduce the 10% rate band[3].
  
  
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  * [1] [http://webarchive.nationalarchives.gov.uk/+/http://www.hm-treasury.gov.uk/d/bud07_chapter1_314.pdf Budget 2007]
  * [2] [http://www.theguardian.com/politics/2008/apr/30/economy.gordonbrown Brown admits mistakes over 10p tax rate, Andrew Sparrow, The Guardian, Wednesday 30 April 2008]
  * [3] [http://www.theguardian.com/politics/2013/feb/14/ed-miliband-10p-tax-band Ed Miliband pledges to bring back 10p tax band, Patrick Wintour, The Guardian, Thursday 14 February 2013]
  
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  (put thoughts and notes for other researchers here)
  