I'm all in favor of a better tax system, and eliminating income tax, but until spending is brought under control it won't matter. Washington spends like a drunken sailor, and Congress and the Executive are both to blame. You cannot have a fiscally conservative tax policy and liberal social spending policies and balance the budget. Can't happen.
"until spending is brought under control it won't matter."
And that is where we lost Bush.
H.R. 25, the FairTax act (A national retail sales tax) restricts government spending by making the government pay the sales tax too.
Check out the plan at http://www.fairtax.org