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The British Taxpayer Relief Act of 2012 was enacted by the UK Parliament on January 1, 2013, and signed into law the following day by

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The "British Taxpayer Relief Act of 2012" was enacted by the UK Parliament on January 1, 2013, and signed into law the following day by Prime Minister David Cameron. This Act raised tax rates for high-income households while eliminating prior tax cuts for high-income taxpayers that were implemented in 2013. Using the supply and demand curves, analyze the effect of this income tax increase on interest rates in the municipal bond market relative to those in the government bond market

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