Im glad you asked. I like to see people open for actual discussion instead of automatically shutting someone down.

Anyways, here is the actual proposal itself right from the horse's mouth. No more Reddit says this, reddit says that:

http://transition.fcc.gov/Daily_Releases/Daily_Business/2015/db0312/FCC-15-24A1.pdf

On page 83, it states that ISPs will still not be able to throttle your internet:

"Many of the largest ISPs (Comcast, AT&T, Verizon, Cox, Frontier, etc.) have committed in this proceeding not to block or throttle legal content.507 These commitments can be enforced by the FTC under Section 5, protecting consumers without imposing public-utility regulation on ISPs"

On page 82, it states that its enforcable:

"The FTC’s unfair-and-deceptive-practices authority “prohibits companies from selling consumers one product or service but providing them something different,” which makes voluntary commitments enforceable.502 The FTC also requires the “disclos[ur]e [of] material information if not disclosing it would mislead the consumer,” so if an ISP “failed to disclose blocking, throttling, or other practices that would matter to a reasonable consumer, the FTC’s deception authority would apply."

Page 85:

"Section 1 of the Sherman Act bars contracts, combinations, or conspiracies in restraint of trade, making anticompetitive arrangements illegal. If ISPs reached agreements to unfairly block, throttle, or discriminate against Internet conduct or applications, these agreements would be per seillegal under the antitrust laws"

Everything that Reddit is upset about doesn't actually apply to repealing Net Neutrality.