Yes, everything Obama = bad. Everything Trump = good. Stop the political crap and think. Innovation will definitely be hindered by this rule.
Say I want to start up a new website to compete with AT&T-owned DirecTV NOW. AT&T will make my service slower, thus making DirecTV NOW seem much better. This was not allowed previously - all content had to be treated the same.
AT&T later says I'll have to pay them $10,000 a day to make my content the same priority. Really? For a startup? This type of thing will definitely hinder innovation.
I can also imagine politics getting involved. How would you like if Verizon, say, decided to make Foxnews.com and all conservative sites work at 300 baud, while all other liberal sites could go full speed? This effectively silences a party's voice. That's allowed with this new rule, which wasn't allowed before.
Net neutrality is freedom. This is definitely not.