The Morneau plan is basically an attempt to set an equal tax burden for people who have the same net income. If under existing rules there is a difference in tax liability then any success of the Morneau proposals will mean higher taxes when those exemption are eliminated. The Conservatives defend the current legal corporate loop hole! This is a great example of how tax hatred has lead to bad fiscal planning.

As noted above the Morneau proposals do not increase marginal tax rates on a given level of net income. That is a separate issue and conflating the two issues is not helpful to a positive debate on the Morneau proposals.