He is quite rich and the business is a sole proprietorship, the tax cuts are the very reason he hired me.

As I do have a degree in economics, he now and then has me look over things and pays a consultant's fee. I can't really say much beyond that, as it is a private company other than I'm pretty sure he's speaking the truth unless he's cooking the books outside my knowledge.

If the tax-cuts go away, it's much more economical for him to just lock his money away from the into his overseas investments.