Say it ain't so!

If this a) turns out to be true and b) isn't offset by a different tax structure, we're done.

Please tell me there's more to the story that we don't yet know.

Edit: of course it is offset by other tax reforms, including the GST cut and others, but don't expect that to be mentioned. Sigh.

Update, 12:40 AM: M K Braaten is reporting that a "Reality Check" will soon be on the CPC website denouncing this report as absolutely false. Here's hoping.