If he'd left it at that, there would have been muted opposition, like when he cut the TFSA. What he has proposed goes way beyond that, affecting people who want to sell businesses, who want to leave their businesses to family after death, who want to save inside the company for retirement or future capital requirements of the business. He has been after the private sector like a pit bull  since the day he was elected. There are many people out there who still think that "this won't affect me" and many will be in for a surprise when the "unintended consequences" of this poorly and hastily written legislation becomes law.