In exchange for these concessions, the Republicans would limit the increase in the dividend taxrate to 20% in order to maintain its equivalence to the capital gains taxrate.
The Conservatives' proposal essentially removes this limit and extends the tax privilege to all lower-rate and basic-rate income-tax payers who receive interest on their deposits.
He is not short of bold ideas, including a global financial tax, the regulation of commodity derivatives and measures to limit exchange-rate volatility.
In effect, the Pease limit raises a taxpayer's rate by about 1%, according to experts at the Tax Policy Center, a nonpartisan research group in Washington.